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    OFF-MARKET
    Warehouses

    410 Corporate Dr, Reading, PA 19605-1148

    145,240 SF 13.04 ac lot Built 1989
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US73-5035182
    Property summary
    AI-generated overview

    This exceptional 88,000-square-foot warehouse sublease opportunity in Reading, PA, is situated within the Berks Corporate Center, offering unparalleled access to Routes 222 and 61. The property boasts a 7.42-acre lot with ample parking (100 spaces), including a 1.4-acre macadam lot. The single-story, Class B building, constructed in 1989, features a pre-engineered steel structure with a 25-foot ceiling height. Loading is facilitated by nine 8'x8' loading docks (three with pit-style levelers), and three drive-in doors. The warehouse includes substantial existing racking (approximately 900 pallet positions), removable to create an open floor plan. The well-appointed office space (4,400 SF main office and 1,000 SF warehouse office) comprises a private office, conference room, kitchenette, 20 workstations, and a large multi-purpose room. Modern amenities include LVT flooring and new LED lighting throughout. The building's robust infrastructure includes large exhaust fans and louvers. The property is zoned LI (Light Industrial) and has an APN of 66-5309-10-35-8928. This sublease is available until December 2025. The total building size is 145,700 SF.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1989
    Total area 145,240 SF
    Lot 13.04 ac (568,022 SF)
    APN 5309-10-35-8928
    UPID US73-5035182
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • VILLA, Join the Movement Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Corporate Center Drive Owner LLC · 4 yrs held
    Corporate Center Drive Owner LLC
    since 2022
    Last sale
    $41.4M
    1 recorded transaction
    2022
    $41.4M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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