3962 Portland StCoplay, PA 18037

For Sale
$3,200,000

43,135 SF Warehouse, 8% Cap Rate, Pennsylvania

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a 43,135-square-foot industrial warehouse located at 3962 Portland St, Coplay, Pennsylvania, 18037. The property, built in 1920 and extensively renovated in 2024, sits on a 2.1-acre lot and is zoned ME/I (Mineral Extraction/General Industrial). The single-building warehouse boasts three loading docks and three dock-high doors, facilitating efficient operations. The interior features a 16-foot ceiling height, providing ample storage and operational space. Currently owner-occupied, this Class C warehouse is offered for sale with a leaseback agreement in place. The sale includes a new 15-year absolute NNN lease, providing a secure and predictable income stream for the buyer. The asking price is $3,200,000, representing an attractive 8.00% capitalization rate. This presents a compelling opportunity for investors seeking a stable, long-term investment in a well-maintained industrial property with a strong tenant in place. The property's strategic location in Lehigh County, Pennsylvania, offers convenient access to major transportation routes and a robust industrial market. The leaseback structure minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a high-quality industrial asset with a significant return on investment.

Highlights

  • $3,200,000 asking price for a 43,135 SF warehouse.
  • 8.00% cap rate.
  • Class C industrial property in Coplay, PA.
  • Absolute NNN leaseback with a 15-year term.
  • Single-tenant, owner-occupied building.
  • 3 loading docks and 3 dock-high doors.

Property Details for 3962 Portland St

Property type
Other warehouses, Other industrial properties
Square Feet
43,135 SF
Class
C
Year Built/Renovated
1920/2024
Buildings
1

Location Insight

City
Coplay
County
Lehigh
State
Pennsylvania
Latitude
40.669665
Longitude
-75.5514822
3962 Portland St, Coplay, Pennsylvania

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3962 Portland St
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