Vericast

3275 Electronics Way, Mountville, PA
Deal Type:
Net Lease
Price:
$10,366,131
Cap Rate:
9.00%
Current Rent:
$932,951.75
Lease Type:
Triple Net
Lease Expiration Date:
Approx. 10 years
Renewal Options:
1, 10-year Option
Building Sq. Ft.:
123,082 SF
Rent Increases:
2.25% Annually
Site Size:
15.05 Acres

Investment Highlights

  • 15-acre land parcel in Lancaster, PA, a metropolitan statistical area home to over 500,000 individuals, has a 3% office vacancy and less than 1% industrial vacancy.
  • Demand continues to outpace industrial supply despite 800,000 sq. ft. of new industrial products being delivered so far in 2022.
  • 900,000 office-related jobs have been added in 2022.
  • The building and property are in excellent condition, lending themselves to a number of residual uses.
  • 10+ years of lease term remaining, guaranteed by Vericast.
  • Absolute NNN lease structure, zero LL responsibilities, allowing for passive investment and management.

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Connor Shell

Managing Director
407 913 9009
Connor@stream-cp.com

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com

Broker of Record: Mike Antonoplos, Lic #PA-RB 063105

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