Building Details

Year Built 1978

Buildings 2

Stories 1

Tenancy Single

Listing Agency: Jackson Cross Partners

Listed By: Mark McGarrity · License #RS334396 Show Phone

Source: Crexi

Added: Jun 10 Changed: Sep 10 Last Checked: Sep 20 at 6:56AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jackson Cross Partners

Investment Insights

Based on property information with market context.

20 North Front Street, Unit 4, is a single-tenant industrial warehouse property in Bally, Pennsylvania. The space offers 13,484 square feet of rentable area with ceiling clearances ranging from 11 to 19 feet, supporting a variety of light industrial and distribution-oriented uses. The building is currently leased to Ira Green, Inc.

The property is presented for sale as part of a leased investment, with the tenant having executed a 7-year lease extension, bringing the total lease term to 8 years. The tenant, Ira Green, Inc., is a prominent U.S. manufacturer and distributor of military decorations, medals, insignia, and uniform accessories, founded in 1943.

For buyers seeking an industrial asset with an established tenant, this offering provides a straightforward, single-tenant setup within a warehouse configuration and clear-height ranges of 11 to 19 feet. The current leasing structure, along with the tenant’s documented long-term presence through the recent extension, may be well suited for investors and owner-operators looking for an industrial property with continuity of occupancy.

Key Highlights

• Single‑tenant industrial warehouse with 13,484 SF of rentable space
• Ceiling clearances range from 11 to 19 feet
• Leased to Ira Green, Inc. (defense decorations, medals, insignia, and uniform accessories manufacturer/distributor)

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$95,537

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.43%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,910,740 $1.9M

Cap Rate 7%

$1,364,814 $1.4M

Cap Rate 9%

$1,061,522 $1.1M

Market Conditions

NOI Build-Up for 13,484 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$119.1K $8.83/SF

− Vacancy

−$6.7K −$0.49/SF

EGI

$112.4K $8.34/SF

− OpEx

−$16.9K −$1.25/SF

NOI

$95.5K $7.09/SF

Area

Berks County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,910,740

Cap Rate 7%

$1,364,814

Cap Rate 9%

$1,061,522

Alternative Uses

Best Use

Warehouse

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,537 @ 7.0% cap · market cap 8.43%

Second Best

Industrial

$1.12M

$983.5K – $1.31M (±1% cap)

NOI $78,677 @ 7.0% cap · market cap 6.94%

Theoretical Best

Office A

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,947 @ 7.0% cap · market cap 13.68%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dr. Diane E. ... Physician Heat4less HVAC Service Mr. Jonathan Moyer Counselor Compassionate Care Health ... Crisis Center Janina Strouse Counselor

Suggested Use

Top Pick Building Supply Storage Facility Home Appliance Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19 ft

Clear height

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 19555, PA

3,594

Population

1,509

Households

2.4

Avg Household Size

45

Median Age

15%

College-Educated

90%

High-School Grad

14.9 sq mi

ZIP Area

241

Density / Sq Mi

$75,944

Median Household Income

$41,224

Median Earnings

$1,107

Median Rent

$239,600

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Single-tenant warehouse with 11 to 19-foot clearances leased to a longstanding defense accessories manufacturer.

Where is this warehouse located?

The property is located at 20 N Front Street Unit 4 Bally, PA.

What is the asking price?

The asking price for this property is $1,133,000.

What are key features of this property?

This property features: Single‑tenant industrial warehouse with 13,484 SF of rentable space; Ceiling clearances range from 11 to 19 feet; Leased to Ira Green, Inc. (defense decorations, medals, insignia, and uniform accessories manufacturer/distributor)