1000 Sycamore StHarrisburg, PA 17104

For Sale
$1,750,000

11,646 SF Flex Industrial, 34 Docks

Overview

Added:
Dec 11, 2024
Days on market:
94
This Harrisburg, PA industrial property offers a compelling investment opportunity. The 11,646 square foot flex space boasts 34 dock-high doors and a 15-foot ceiling height, ideal for trucking operations. Situated on a 1.88-acre lot, it includes ample parking. Built in 1950 with renovations in 1995 and 2013, the property features office space within both buildings. The asking price is $1,750,000, representing a pro-forma cap rate of 8.32% and a pro-forma NOI of $145,575. Benefiting from its location in both a Federal Opportunity Zone and an Enterprise Zone, the property offers significant tax advantages and access to potential grants and financing. The strategic location off Cameron Street, with convenient access to I-83, is further enhanced by the upcoming Capitol Beltway Project, which will include a new Cameron Street Interchange directly across the street. This prime location is less than five minutes from downtown Harrisburg. The property is offered as a single-tenant, NNN lease. The price per square foot is $150.27.

Highlights

  • Investor-grade terminal space with significant upside.
  • Features 34 dock doors, 15' ceilings, and ample office space.
  • Boasting a 10.1% year-over-year market rent increase.
  • Prime location directly across from I-83 interchange.
  • Minutes from downtown Harrisburg with immediate I-83 access.
  • Situated in a Federal Opportunity Zone, offering substantial tax advantages.

Property Details for 1000 Sycamore St

Property type
Other industrial properties, Flex space
Square Feet
11,646 SF
Year Built
1950
Lot Size (sq. ft)
81,893 SF

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2505855
Longitude
-76.8667569
1000 Sycamore St, Harrisburg, Pennsylvania

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1000 Sycamore St
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