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Barring Ave At Foster St Scranton, PA

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For Sale
$3,250,000

75,000 SF manufacturing facility 100% leased with long-term tenant.

Property size:
75,000 SF
Lot size:
1.80 Acres

Property Features for Barring Ave At Foster St

General Information

Size
75,000 SF
Lot size
1.80 Acres

Source: Encore Real Estate Investment Services Agent Noah Dalaly

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Manufacturing Facility with Long-Term Lease

This 75,000-square-foot manufacturing property is available for sale and is 100% leased to North American Manufacturing (NAM). The property is under a 20-year triple-net lease, with over 16 years remaining and includes four, five-year renewal options. The lease features two percent annual rent increases. NAM specializes in providing high-quality, innovative equipment for the U.S. Military and other government agencies. NAM has been in operation for almost 50 years and was acquired by KAHO Partners, an owner of over $100 million in government manufacturing contracts. The U.S. defense market cap is estimated to be upwards of $300 billion. The blended capitalization rate is 8.73% over the base term.
Location Intelligence

Current Use by Public Records

Manufacturing properties

Map

City
Scranton
County
Lackawanna
State
Pennsylvania
Longitude
-75.61544
Latitude
41.518436

FAQs

What type of property is this?
Manufacturing property - 75,000 SF manufacturing facility 100% leased with long-term tenant.
Where is this manufacturing property located?
The property is located at Barring Ave At Foster St Scranton, PA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: - Blended 8.73% CAP Rate Over Base Term; - 100% Leased to North American Manufacturing (NAM); - 20-Year Triple-Net Lease | 16+ Years Remaining
More about this property
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