New Holland Net Lease
220 Orlan Rd, New Holland, PA 17557
For Sale
Contact for pricing
Net leased investment opportunity with established tenant, TruckPro.
Property Size21,048 SF
Price / SF$159.16
Days on Market275
Property Features for 220 Orlan Rd
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Sable Commercial Realty
Listed By:
Justin Geisenberger · License PA RS321567
(717) 399-9361
Source:
Crexi
Added: Feb 9
Changed: Nov 5
Last Checked: Nov 8 at 6:48AM
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 Sable Commercial Realty
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Investment Insights
Based on property information with market context.
This net lease investment opportunity features TruckPro, a major independent distributor of heavy-duty truck and trailer parts and maintenance services. TruckPro operates in over 150 locations across 33 states and has been a tenant in the property since its construction in 2004. The building offers a blend of showroom, office, and warehouse space. The showroom area measures approximately 6,500 square feet, the office area is approximately 4,500 square feet, and the warehouse provides approximately 10,500 square feet. The property is equipped with three 9' x 9' dock doors and one 12' x 14' drive-in door. The building features ceiling heights ranging from 24 to 26 feet and 3-phase power. The facility is located at the main entrance to the New Design Industrial Park in New Holland, PA.
Key Highlights
- Net Lease investment opportunity with TruckPro as tenant.
- TruckPro is a major independent distributor with 150+ locations.
- Tenant has occupied the property since 2004.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,224
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,480
$2.3M
Cap Rate 7%
$1,674,629
$1.7M
Cap Rate 9%
$1,302,489
$1.3M
Market Conditions
NOI Build-Up for 21,048 SF
Gross rent
$181.4K $8.62/SF
− Vacancy
−$14.0K −$0.66/SF
EGI
$167.5K $7.96/SF
− OpEx
−$50.2K −$2.39/SF
NOI
$117.2K $5.57/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,480
Cap Rate 7%
$1,674,629
Cap Rate 9%
$1,302,489
Alternative Uses
Best Use
Industrial
$1.67M
$1.47M – $1.95M
NOI $117,224 @ 7.0% cap · market cap 3.50%
Second Best
Flex RnD
$1.56M
$1.36M – $1.82M
NOI $109,104 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$7.05M
$6.17M – $8.23M
NOI $493,732 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 17557, PA
14,761
Population
5,460
Households
2.7
Avg Household Size
41
Median Age
19%
College-Educated
78%
High-School Grad
32.0 sq mi
ZIP Area
461
Density / Sq Mi
$78,717
Median Household Income
$39,833
Median Earnings
$1,273
Median Rent
$262,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Lancaster County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- M.s. Catering — 122 Meadowcreek Rd, New Holland, PA 17557
Frequently Asked Questions
What type of property is this?
Flex space - Net leased investment opportunity with established tenant, TruckPro.
Where is this flex space located?
The property is located at 220 Orlan Rd New Holland, PA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Net Lease investment opportunity with TruckPro as tenant.; TruckPro is a major independent distributor with 150+ locations.; Tenant has occupied the property since 2004.
