Industrial Single-Net
718 N Quincy St Allentown, PA 18109
718 N Quincy St, Allentown, PA, 18109
$1,909,000
For Sale
$1,909,000
Single-net leased industrial building with 15'-6" clear height and 2025 roof and renovation improvements.
Property Size23,718 SF
Lot Size0.82 Acres
Price / SF$80.49
Days on Market20
Property Features for 718 N Quincy St
General Information
- Standard status
- Active
- Size
- 23,718 SF
- Lot size
- 0.82 Acres
- Property subtype
- Net Lease
Building Details
- Year Built
- 1932
Listing agency
Marcus & Millichap - Philadelphia
(215) 531-7031
Listed by
Jack Hamilton · License #License(s): PA: RS376105
(215) 531-7031
Source
Marcusmillichap
Added: Jul 3 Updated: Jul 21 at 1:05PM Checked: Jul 21 at 1:05PM
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 Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
This 23,718-square-foot industrial property is offered on a single net lease basis and is currently leased to InReach and Sodexo. Lease occupancy commenced January 1, 2025, with the term extending through December 31, 2027, and includes three renewal options. The facility provides a 15'-6" clear height and is supported by a functional industrial layout designed for day-to-day operations and logistics flow.
The property sits on 0.68 acres, along with an additional 0.14-acre corner lot. A 2025 renovation and a new Carlisle SyntTec Systems roof have been installed, supporting durability and overall building condition.
For investors, the property is presented as a tax-stable, recently upgraded industrial asset with operating performance supported by its existing corporate tenancy under the single net structure.
The property sits on 0.68 acres, along with an additional 0.14-acre corner lot. A 2025 renovation and a new Carlisle SyntTec Systems roof have been installed, supporting durability and overall building condition.
For investors, the property is presented as a tax-stable, recently upgraded industrial asset with operating performance supported by its existing corporate tenancy under the single net structure.
Key Highlights
- 23,718‑SF industrial building leased to InReach and Sodexo under a single‑net lease
- Lease dates: occupancy began Jan 1, 2025 through Dec 31, 2027, with three renewal options
- 2.5% annual rent escalations; gross income $233,173 and net operating income $185,019
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.2k | $7.68 |
| − Vacancy | −$9.7k | −$0.41 |
| EGI | $172.5k | $7.27 |
| − OpEx | −$25.9k | −$1.09 |
| NOI | $146.6k | $6.18 |
23,718 SF · lease $7.68/SF/yr · vacancy 5.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,625 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,170 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A-Rapco
Construction Company
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- CubeSmart Self Storage — 2001 Union Blvd, Allentown, PA 18109
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- Self-Storage at U-Haul — 1428 E Livingston St, Allentown, PA 18109
- Moving With Sincerity — 945 Main St, Bethlehem, PA 18018
FAQs
What type of property is this?
Warehouse - Single-net leased industrial building with 15'-6" clear height and 2025 roof and renovation improvements.
Where is this warehouse located?
The property is located at 718 N Quincy St Allentown, PA.
What is the asking price?
The asking price for this property is $1,909,000.
What are key features of this property?
This property features: 23,718‑SF industrial building leased to InReach and Sodexo under a single‑net lease; Lease dates: occupancy began Jan 1, 2025 through Dec 31, 2027, with three renewal options; 2.5% annual rent escalations; gross income $233,173 and net operating income $185,019
