Industrial Single-Net
For Sale
Contact for pricing
718 N Quincy Street, Allentown, PA 18109
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$77
Days on Market162
Property Features for 718 N Quincy Street
General Information
Standard status
Active
Size
23,718 SF
Class
B
Lot size
0.82 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$185,019
Additional Details
Cap Rate
9.69%
Clear Height
15.5 ft
Building Details
Year Built
1932
Year Renovated
2025
Tenancy
Single
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Brian Higgins · License #PA RS335804
(215) 531-7093
Source:
Crexi
Added: May 5
Changed: Oct 11
Last Checked: Oct 12 at 5:52PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,625
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,932,500
$2.9M
Cap Rate 7%
$2,094,643
$2.1M
Cap Rate 9%
$1,629,167
$1.6M
Market Conditions
NOI Build-Up for 23,718 SF
Gross rent
$182.2K $7.68/SF
− Vacancy
−$9.7K −$0.41/SF
EGI
$172.5K $7.27/SF
− OpEx
−$25.9K −$1.09/SF
NOI
$146.6K $6.18/SF
Area
Allentown, PA
Vacancy
5.30%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,932,500
Cap Rate 7%
$2,094,643
Cap Rate 9%
$1,629,167
Alternative Uses
Best Use
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,625 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.66M
$4.08M – $5.44M
NOI $326,170 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
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 Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,850,000.
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
