1649 Broadway - Light Manufacturing FOR SALE


Hanover, PA 17331
$8,050,000 USD
407-557-3844
1649 Broadway, Hanover, PA for Sale
$8,050,000 USD
Light Manufacturing - FOR SALE
1/5
null | 8.17% Cap Rate

1649 Broadway
Hanover, PA 17331


OVERVIEW

1649 Broadway is a 118,172 square foot Industrial flex building. Office area is limited to approximately 8.5% of the total area. It is located in Hanover PA, near the Maryland state line and is in proximity to the York, Harrisburg, and the Upper Chesapeake Bay markets. The design and layout will allow the ownership to reconfigure to a multi tenant asset if required. The ceiling height and power also make the building attractive to manufacturing tenants in addition to distribution. In addition to rental income, the 702 kW solar panel system produces $25,000 and up to $50,000 of income, depending on weather and demand.

FOR SALE DETAILS

PRICE

$8,050,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

8.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Markets at Hanover

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Manufacturing, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

Heating - Gas

CLEAR CEILING HT

21 Ft

DOCKS

6

DRIVE INS

1

PARKING SPACES

500

LAND DETAILS

LAND ACRES

10.93

LAND SF

476,111

ZONING

Shopping Commercial

APN/PARCEL ID

44-000-ED-0011.G0-00000

ASK ABOUT THIS PROPERTY

Kenneth HobsonMarcus & MillichapMore Info
407-557-3844

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Kenneth HobsonMarcus & MillichapMore Info
407-557-3844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.