20 Unico DrWest Hazleton, PA 18202

For Sale
$2,270,000

High-Cap Rate, Fully Leased Industrial Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, 25,000-square-foot flex/warehouse property located at 20 Unico Drive in West Hazleton, Pennsylvania. The property, built in 1989 with an expansion in 1992, sits on a 4.24-acre lot and boasts a 9% cap rate, offering a strong return on investment. Currently operating under a triple-net (NNN) lease with a single tenant, the lease has a remaining term of six years, extending through December 2029, ensuring consistent cash flow. The building features one loading dock and one dock-high door, catering to efficient logistics. The warehouse roof underwent improvements in March 2023. Zoned M2 – General Manufacturing/Industrial District, this property benefits from its strategic location, providing easy access to major transportation arteries including I-80 and I-81, facilitating seamless connectivity to key markets such as Wilkes-Barre/Scranton, Harrisburg, the Lehigh Valley, Philadelphia, and New York City. The asking price is $2,270,000 and is structured for a 1031 exchange sale, making it an attractive option for investors seeking tax-advantaged transactions. The property's strong occupancy rate (100%) and long-term lease contribute to its financial stability and appeal. Detailed lease abstracts are available upon request with a signed confidentiality agreement.

Highlights

  • 1989 construction, expanded in 1992.
  • Warehouse roof recently improved (March 2023).
  • Excellent access to major highways: I-80 and I-81, providing easy connectivity to Wilkes-Barre/Scranton, Harrisburg, Lehigh Valley, Philadelphia, and New York City.
  • Lease abstract available upon request with signed Confidentiality Agreement.
  • Suitable for investment and/or 1031 exchange.

Property Details for 20 Unico Dr

Property type
Other warehouses, Other industrial properties
Square Feet
25,000 SF
Year Built
1989
Buildings
1
Lot Size (sq. ft)
184,694 SF

Location Insight

City
West Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9722818
Longitude
-76.0191536
20 Unico Dr, West Hazleton, Pennsylvania

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20 Unico Dr
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