780 Eden Rd Lancaster, PA 17601-4275

Property Details for 780 Eden Rd

Year built

1993

Construction

STEEL FRAME

Lot size

4.08 lot acres

Property size

50,470 SF

Property type

Office Properties & Spaces

APN

390-21192-0-0000

APU

3902119200000

Description

This exceptional Class A, 51,120 square foot industrial flex property in Lancaster, PA, presents a compelling net lease investment opportunity. The property, built in 1993, boasts a 100% occupancy rate with a single tenant, Boyd Corporation, a subsidiary of Goldman Sachs affiliates. The current lease, a net lease with minimal landlord responsibilities, has a remaining term of approximately 1.2 years, expiring January 31, 2026, but commenced August 1, 1997, indicating a long-standing relationship. The asking price is $6,250,000, representing a price per square foot of $122.26 and an attractive 8.08% cap rate based on a Net Operating Income (NOI) of $504,772. The tenant, a leader in high-performance thermal management solutions, has made substantial improvements to the building, including significant investments in transformers and water tanks, further enhancing the property's value and suggesting a high probability of continued occupancy. The property's strategic location between US Route 222 and US-30, coupled with strong demographics (over 170,000 people within a 5-mile radius), contributes to its investment appeal. The 4.08-acre site offers significant potential for future growth. This is a rare opportunity to acquire a stable, high-performing industrial asset with a strong tenant history and significant upside potential. No lease options remain.

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Longitude

-76.2896

Latitude

40.0691

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments