The Boulder Group is pleased to exclusively market for sale a single tenant net leased industrial property occupied by LMC-Plasticsource (“LMC”) in Bensalem Township, Pennsylvania. The property is located within the Philadelphia MSA, which is the 8th most populous metro area in the United States. LMC is part of Plastics Family Americas, a federation consisting of more than 35 independent brands specializing in wholesale, value-added plastics distribution. With more than 200 locations, Plastics Family Americas has the largest geographic footprint in the plastics industry. LMC has over 9 years of lease term remaining with two 5-year renewal options. The lease includes 2% annual rental escalations. The lease is guaranteed by Plastics Family Holdings Inc.
The 58,000 square foot building has four dock doors, one 14-foot-tall drive-in door, a clear height of 19 feet, and includes 8,121 square feet of office space. The property has undergone recent capital improvements, including having four HVAC units replaced in 2024. The roof was re-coated in 2017. The facility is uniquely configured for machining and processing Thermoset laminates. The building is situated on 3.44 acres along Winks Lane, which is less than 1 mile from Interstate 95. With a daily traffic count exceeding 78,000, Intestate 95 provides direct access to downtown Philadelphia (16 miles away). The property benefits from robust demographics, with a population of 259,086 within a 5-mile radius and an average household income of $103,537 within five miles.
The property is located in an industrial park with nearby tenants including Amazon, Astra Zeneca, Iron Mountain, Rinchem, Peirce-Phelps, Schwarz, Jadeite Foods, National Comfort Products, Metro Beverages, Brenner Aero Structures, TC Millwork, Ward Transport & Logistics Corp, and Continental Refrigerator.
LMC is a market leader in the distribution and value-added fabrication of thermoset laminate composites servicing customers in the medical, power generation, semicounductor, aerospace, defense, and transportation sectors. The company has been in business for 45 years and combine their expertise in Thermoset, Phenolic, Laminate, and Epoxy materials with cutting-edge technology to provide innovative and customized solutions for a multitude of industries.