2590 Monroe St - Warehouse FOR SALE


York, PA 17404- Outer West York/Shiloh
$1,450,000 USD
717-880-5957
2590 Monroe St, York, PA for Sale
$1,450,000 USD
Warehouse - FOR SALE
1/12
null | 3.91% Cap Rate


HIGHLIGHTS

  • Effective June 1, 2025, tenant has six (6) years and seven (7) months remaining on their lease term
  • Tenant currently paying $100,200 in annual rent
  • The rental rate increases on 1/1/2027, 1/1/2029, and 1/1/2031.
  • The lease is structured in a NNN format and leaves the Landlord with very limited responsibilities.

OVERVIEW

Industrial investment sale. The tenant is American Specialty Systems, Inc. American Specialty Systems was established in 1986 and incorporated in 1991 and provides innovative construction and renovation solutions primarily for the food industry. Over the past 26 years, American Specialty Systems has partnered with iconic brands such as Coca-Cola, Gatorade, Quaker Oats, Kraft Foods, ConAgra Foods, General Mills, Pillsbury, McCormick Spice, The Hershey Company, Swaggerty Sausage, Michael Foods, Campbell’s Soup Company, Cargill, Wayne Farms, and Land O'Lakes. Effective June 1, 2025, American Specialty Systems, Inc. has six (6) years, and seven (7) months remaining on their lease term and is currently paying $100,200.00 in annual rent. The rental rate increases on 1/1/2027, 1/1/2029, and 1/1/2031. The lease is structured in a NNN format and leaves the Landlord with very limited responsibilities. Lease rate supports a 6.7% capitalization rate.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

3.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

UTILITIES

Lighting - Fluorescent, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.1

LAND SF

91,476

ZONING

Industrial

APN/PARCEL ID

51-000-05-0151.00-00000

ASK ABOUT THIS PROPERTY

Jason Turnbull, CCIM, SIORRock Commercial Real Estate, LLCMore Info
717-880-5957

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Jason Turnbull, CCIM, SIORRock Commercial Real Estate, LLCMore Info
717-880-5957

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