$5,200,000
$5,250,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
150,719 SqFt
SOLD DATE : 09/07/2022
Key Details
Sold Price $5,200,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 150,719 sqft
Price per Sqft $34
Subdivision None Available
MLS Listing ID PALA158262
Sold Date 09/07/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $82,554
Tax Year 2019
Lot Size 12.580 Acres
Acres 12.58
Lot Dimensions 12.58 Acres
Property Description
9.4% cap rate investment opportunity. Multi-tenant industrial park with 82% occupancy. Greentree Business Park consists of five parcels, with over 150,719 SF on 11.77 acres. Proximity to Manheim Auto Auction and PA Turnpike results in reliably high occupancy rates. Over 2/3 of the 15 tenants have been in place for over 4 years and 1/3 of the rent roll has been in place for over 11 years.
Location
State PA
County Lancaster
Area Manheim Boro (10540)
Zoning PC-1
Interior
Hot Water Electric, Natural Gas
Heating Forced Air
Cooling Central A/C, Window Unit(s)
Flooring Concrete
Fireplace N
Heat Source Natural Gas
Exterior
Garage Spaces 100.0
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Waterfront N
Water Access N
Roof Type Built-Up,Flat,Rubber
Accessibility Other
Road Frontage Boro/Township
Parking Type Other
Total Parking Spaces 100
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Manheim Central
High Schools Manheim Central
School District Manheim Central
Others
HOA Fee Include Other
Tax ID 400-VARIOUS-0-0000
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with F. Jeffrey Kurtz • High Associates Ltd.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "