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Barring Avenue At Foster St Scranton, PA

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

Type:INDUSTRIAL
Property size:
75,000 SF
Lot size:
1.80 Acres
Added:
Dec 3, 2024
Days on Market:
503
Last Refresh:
Apr 5 at 9:59 pm

Property Features for Barring Avenue At Foster St

General Information

Standard status
Active
Size
75,000 SF
Lot size
1.80 Acres
Property subtype
INDUSTRIAL

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Listing Contact
Noah Dalaly

Listing agent Noah Dalaly

Listing office Encore Real Estate Investment Services

Listing date Dec 3, 2024

Source Moodyscre

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 Encore Real Estate Investment Services


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
-75.6154
Latitude
41.5184

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 Avenue 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
(248) 702-4427 Call to check price and availability
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