2821 Old Route 15 - Manufacturing FOR SALE


New Columbia, PA 17856
$11,230,815 USD
215-390-4549
2821 Old Route 15, New Columbia, PA for Sale
$11,230,815 USD
Manufacturing - FOR SALE
1/10
null | 6.75% Cap Rate

2821 Old Route 15
New Columbia, PA 17856


HIGHLIGHTS

  • Recently executed long-term lease with a 10-year term commencing July 2025.
  • Tenant and landlord jointly invested in capital improvements including new carpet, HVAC upgrades, and windows.
  • Stable customer base across technology, defense, medical, and pharmaceutical sectors.
  • Significant on-site land for future expansion opportunities.
  • Access to skilled labor pool through proximity to Penn College and logistics providers such as XPO, Estes Express, and Amazon.
  • Industrial hub location with direct connectivity to Interstate 80 and major Northeast markets.

OVERVIEW

This offering presents a single tenant, net leased asset occupied by Thermal Product Solutions (TPS), a global provider of thermal processing and environmental testing equipment. The 128,000 SF building also serves as TPS’s corporate headquarters and includes recent capital improvements such as new carpeting, upgraded HVAC systems, and window replacements. Located on a 23-acre site with significant land available for expansion, this asset offers excellent long-term growth potential. TPS has maintained operations here for over 20 years and continues to invest in facility improvements, signaling commitment to the site. The company services aerospace, defense, medical, and pharmaceutical industries, ensuring a stable and diverse customer base. The new 10-year NNN lease delivers predictable cash flow with an in-place NOI of $758,080 and attractive cap rates, supporting strong investor appeal in a market boasting robust logistics connectivity.

FOR SALE DETAILS

PRICE

$11,230,815 USD

PRICE/SF

$88 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

25 Ft

DOCKS

6

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23

LAND SF

1,001,880

ZONING

C-M

APN/PARCEL ID

014-054-042.10000

ASK ABOUT THIS PROPERTY

Steve GarthwaiteGraystone Capital AdvisorsMore Info
215-390-4549

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Steve GarthwaiteGraystone Capital AdvisorsMore Info
215-390-4549

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