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This exceptional Class A, 51,120 square foot industrial flex property in Lancaster, PA, presents a compelling net lease investment opportunity. The property, built in 1993, boasts a 100% occupancy rate with a single tenant, Boyd Corporation, a subsidiary of Goldman Sachs affiliates. The current lease, a net lease with minimal landlord responsibilities, has a remaining term of approximately 1.2 years, expiring January 31, 2026, but commenced August 1, 1997, indicating a long-standing relationship. The asking price is $6,250,000, representing a price per square foot of $122.26 and an attractive 8.08% cap rate based on a Net Operating Income (NOI) of $504,772. The tenant, a leader in high-performance thermal management solutions, has made substantial improvements to the building, including significant investments in transformers and water tanks, further enhancing the property's value and suggesting a high probability of continued occupancy. The property's strategic location between US Route 222 and US-30, coupled with strong demographics (over 170,000 people within a 5-mile radius), contributes to its investment appeal. The 4.08-acre site offers significant potential for future growth. This is a rare opportunity to acquire a stable, high-performing industrial asset with a strong tenant history and significant upside potential. No lease options remain.
Highlights
$6,250,000 asking price for this Class A, 51,120 square foot industrial flex property in Lancaster, PA.
Net lease with minimal landlord responsibilities; 8.08% cap rate based on a $504,772 NOI.
Tenant, Boyd Corporation (a Goldman Sachs affiliate), has made significant building improvements, including transformers and water tanks.
Long-term occupancy indicated by 25+ years of tenancy and substantial tenant investment.
The property is strategically located between US Route 222 and US-30, serving a population of over 170,000 within a 5-mile radius.
Boyd Corporation specializes in high-performance thermal management solutions.
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