780 Eden RdLancaster, PA 17601

For Sale
$6,250,000

High-yield flex space, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Property Details for 780 Eden Rd

Property type
Other industrial properties, Flex space
Square Feet
51,120 SF
Class
A
Year Built
1993
Buildings
1

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.070118062605
Longitude
-76.287622182714
780 Eden Rd, Lancaster, Pennsylvania

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780 Eden Rd
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