310 Alleghenyville Rd, Mohnton, PA 19540-8104
- Manufacturing properties
- 5,278 SF
- 3.03 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 310 Alleghenyville Rd
- Year built
- 1946
- Lot size
- 3.03 lot acres
- Property type
- Manufacturing properties
- APN
- 5312-01-05-1894
- APU
- 531201051894
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 17, 2023 | — | Feinsot Properties LLC | — | Deed · related | $2.8M · Firstrust Bank |
| Dec 26, 2018 | — | Feinsot Properties LLC | — | Grant Deed · related | $1.9M · Wilmington Svgs Fund Society F |
| Feb 28, 2012 | $574,000 | Feinsot Properties LLC | Goodling,barbara S | Grant Deed | $1.3M · West Town Savings Bank |
| — | — | Feinsot Properties LLC | — | Deed Of Trust · related | $1.5M · Wilmington Svgs Fund Society F |
Description
This exceptional investment opportunity presents a 31,739-square-foot industrial property in Mohnton, Pennsylvania, currently occupied by PFI Machining and Specialty under a 5-year absolute NNN lease. The property, situated on a 131,864-square-foot lot at 310 Alleghenyville Rd, 19540, boasts a strong 9.00% cap rate and a substantial net operating income (NOI) of $189,000. The lease features a 2.00% annual rent increase, ensuring consistent income growth. PFI Machining, a long-standing business with over 75 years of operational history, utilizes this facility as its mission-critical headquarters. The property's strategic location just outside Philadelphia, PA, provides access to a robust market. The sale price is $2,100,000, translating to $66.16 per square foot. The property is classified as distribution, manufacturing, and R&D, offering versatility and potential for future expansion. The lease is a single-tenant agreement with a remaining term of 5 years, providing immediate cash flow and long-term stability. The tenant's established history and diverse clientele contribute to the investment's inherent strength and resilience. This sale-leaseback structure minimizes landlord responsibilities, making it an attractive option for passive investors seeking a secure and appreciating asset. Lease options for an additional 4-5 years are available. The 100% occupancy rate further enhances the investment's appeal.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Mohnton
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9228
- Latitude
- 40.2135
- CBSA code
- 39740
- CBSA name
- READING, PA METROPOLITAN STATISTICAL AREA
