415-417 W 3rd St
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415-417 W 3rd St
60,000 SF Industrial Building Williamsport, PA 17701 £3,286,290 (£55/SF) 7.62% Net Initial Yield
Investment Highlights
- Zero Landlord responsibility with absolute NNN Leases.
- 7.4% YoY Market Rent Increases, Cumulative 25.5% Increases In the Past 3 Years.
- Located within close proximity to major industrial cities such as Wilkes-Barre, Harrisburg, and Philadelphia, PA.
- Brand New 10 Year Lease; 3% Annual Increases; Three (3) Five (5) Year Options.
- Proximity to I-180 - Highly Accessible.
Executive Summary
SCOPE Commercial Real Estate Services, LLC “SCOPE” is pleased to exclusively present Supply Source Inc. located at 415 W 3rd Street, Williamsport, PA 17701. The 60,000 square foot offering is a single tenant net lease flex warehouse building with a Class A office fit out situated on 0.91 Acres. Ideally located in the Williamsport Business District, the subject property is centrally located less than 1 mile from I-180 and US-15, providing convenient access to the Williamsport area and surrounding submarkets.
The subject property is the corporate headquarters of Supply Source Inc., the largest contract office furniture supplier to the Commonwealth of Pennsylvania, and rapidly expanding. Supply Source has shown their commitment to the site by recently signing a new 10 year lease including 3% annual increases and three (3) five (5) year options to extend, as well as, through a number of large improvements, including an 8,000 SF premium office buildout. With a recently extended absolute NNN lease and options, this single tenant offering provides investors with predictable cash flow and ease of ownership.
The subject property is the corporate headquarters of Supply Source Inc., the largest contract office furniture supplier to the Commonwealth of Pennsylvania, and rapidly expanding. Supply Source has shown their commitment to the site by recently signing a new 10 year lease including 3% annual increases and three (3) five (5) year options to extend, as well as, through a number of large improvements, including an 8,000 SF premium office buildout. With a recently extended absolute NNN lease and options, this single tenant offering provides investors with predictable cash flow and ease of ownership.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £3,286,290 | Lot Size | 0.91 AC |
| Price Per SF | £55 | Rentable Building Area | 60,000 SF |
| Sale Type | Investment NNN | Number of Floors | 3 |
| Net Initial Yield | 7.62% | Year Built | 1928 |
| Sale Conditions | Sale & Leaseback | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.23/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C |
| Price | £3,286,290 |
| Price Per SF | £55 |
| Sale Type | Investment NNN |
| Net Initial Yield | 7.62% |
| Sale Conditions | Sale & Leaseback |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.91 AC |
| Rentable Building Area | 60,000 SF |
| Number of Floors | 3 |
| Year Built | 1928 |
| Tenancy | Single |
| Parking Ratio | 0.23/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
Amenities
- Signage
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £367,016 | |
| Land Assessment | £154,792 | Total Assessment | £521,808 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£154,792
Improvements Assessment
£367,016
Total Assessment
£521,808
zoning
| Zoning Code | 4 COC |
| 4 COC |
Contacts
-
Craig Dunkle -
Mher Vartanian -
Nick DiPrimio -
Jacob Bailey -
Scope Commercial Real Estate Services, LLC
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415-417 W 3rd St
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