20 N Front St - Distribution CONDO FOR SALE


Bally, PA 19503
$1,133,000-$3,104,000 USD
484-796-1076
20 N Front St, Bally, PA for Sale
$1,133,000-$3,104,000 USD
Distribution CONDO - FOR SALE
1/23
13,484-55,621 SF | 8% Cap Rate

20 N Front St
Bally, PA 19503


HIGHLIGHTS

  • Condo unit #2, single tenant NNN leased #4 (8.75% cap ask - 8 yrs term) and Unit #6 (3 AC IOS) are for sale currently.
  • Optionality for a user-buyer to occupy whole units (#2 or #6) by moving/terminating existing tenants or keep tenants to cover debt service/expenses.
  • Condo unit #4 features a single tenant government contractor, 8-yr nnn lease with 3% ann. rent bumps - 8.75% cap ask.
  • 12'-21'11" ceiling clear heights. Variable throughout different units.

OVERVIEW

$3,104,000 - $55.81/SF Ask. 8% Asking Cap ($248,313 NOI). Three tenants currently occupying approx. 69% of unit #2. WALT of 3 years. Value-add of opportunity to lease 31% of the vacancy bosting NOI. Tenants can be moved for user-buyer.

FOR SALE DETAILS

PRICE

$1,133,000-$3,104,000 USD

CAP RATE

8%

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unit 2 & Unit 4 (single tenant - 8.75% cap)

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Manufacturing, Warehouse

TOTAL BUILDING SIZE

289,343 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.5 AC

LAND SF

588,060 SF

ZONING

I

APN/PARCEL ID

25-6309-03-04-6963-C05

ASK ABOUT THIS PROPERTY

Mark McGarrityJackson Cross PartnersMore Info
484-796-1076

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Mark McGarrityJackson Cross PartnersMore Info
484-796-1076

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