706 Willow Springs LnYork, PA 17406

For Sale
$7,330,000

67,652 SF Industrial Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This 67,652 square foot industrial investment property, located at 706 Willow Springs Lane in York, Pennsylvania (17406), presents a compelling opportunity. Built in 1999, this single-story facility boasts 30.0'-33.0' ceiling heights, four dock-high doors, and one loading dock. The property features over 12,000 square feet of professional office space and is fully air-conditioned. Additional amenities include two 10-ton bridge cranes and a separate hazmat building. Currently leased to York Precision Machining & Hydraulics, LLC under an absolute net lease expiring September 30, 2025, with a three-year renewal option and annual CPI increases. The tenant currently pays $5.16/SF, below market rate, yielding a 4.8% cap rate. The property is zoned for industrial use and enjoys excellent visibility from I-83, situated within a well-established industrial area. This property is ideal for investors seeking a strong return or owner-occupiers looking for a high-quality facility with potential for future occupancy. The asking price is $7,330,000 ($108.35/SF). APN: 67-36-000-MH-0026-Q0-00000. The tenant has a first right of refusal to purchase.

Highlights

  • Fully leased to York Precision Machining & Hydraulics, LLC, a precision parts supplier.
  • Lease expires September 30, 2025.
  • Current rent is $5.16/SF, below market rate.
  • Tenant holds one 3-year renewal option with annual CPI adjustments.
  • Absolute Net lease.
  • 4.8% capitalization rate.

Property Details for 706 Willow Springs Ln

Property type
Other investment properties, Other industrial properties
Square Feet
67,652 SF
Year Built
1999
Stories
1

Location Insight

City
York
County
York
State
Pennsylvania
Latitude
40.0498045
Longitude
-76.7502534
706 Willow Springs Ln, York, Pennsylvania

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706 Willow Springs Ln
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