718 Quincy St - Warehouse FOR SALE


Allentown, PA 18109- East Allentown
$1,909,000 USD
302-750-7610
718 Quincy St, Allentown, PA for Sale
$1,909,000 USD
Warehouse - FOR SALE
1/1
null | 9.69% Cap Rate

718 Quincy St
Allentown, PA 18109
East Allentown


HIGHLIGHTS

  • Corporate-Credit Single-Tenant Industrial Asset Leased to Sodexo Subsidiary InReach
  • Attractive 9.69% Cap Rate with Term Lease Through December 2027 and Annual Rent Increases
  • Single-Net Lease Structure Providing Passive Income with Minimal Landlord Responsibilities
  • Recently Renovated In 2025 Featuring New TPO Roof and Enhanced Durability

OVERVIEW

Marcus & Millichap is pleased to present the investment opportunity located at 718 N. Quincy Street in Allentown, Pennsylvania. The property features a 23,718-square-foot industrial asset leased to InReach and the Sodexo. The asset operates under a single net lease structure, providing investors with a stable and passive income stream. The lease commenced occupancy on January 1, 2025, with a lease term extending through December 31, 2027. Notably, the current lease includes three renewal options alongside attractive 2.5 percent annual rent escalations. The property generates $233,173 in gross income and $185,019 in net operating income, representing a 9.69% cap rate based on the $1.909 million asking price. Situated on 0.68-acres with an additional 0.14-acre corner lot, the property offers a functional industrial layout with a 15’-6” clear height, making it well suited for a variety of industrial users. The site's configuration supports efficient operations, logistics flow, and future adaptability. The property benefits from a 2025 renovation and the installation of a new Carlisle SyntTec Systems roof, contributing to both durability and curb appeal. Overall, this asset is recently upgraded and tax-stable, offering strong cash flow and low operating expenses. These features, combined with the long-term value potential and corporate tenancy, position the property as a potentially attractive, lower-risk investment opportunity in the industrial sector.

FOR SALE DETAILS

PRICE

$1,909,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

9.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Food Processing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1932

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

15.5 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.82

LAND SF

35,719

ZONING

-

APN/PARCEL ID

641727369190-1,641727575947-1

ASK ABOUT THIS PROPERTY

Kyle MalinMarcus & MillichapMore Info
302-750-7610

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Kyle MalinMarcus & MillichapMore Info
302-750-7610

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