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Single-Tenant Industrial

1649 Broadway

1649 Broadway, Hanover, PA 17331

Listing Price: $8,050,000

Cap Rate
9.70%
Gross SF
118,172
Price/Gross SF
$68.12
Lot Size
10.93 acres
Year Built
1974
Rentable SF
118,172

Investment Overview

1649 Broadway is a 118,172 square foot Industrial flex building. Office area is limited to
approximately 8.5 Percent of the total area. It is located in Hanover Pennsylvania, near the Maryland state
line and is in proximity to the York, Harrisburg, and the Upper Chesapeake Bay markets.
The design and layout will allow the ownership to reconfigure to a multi tenant asset if
required. The ceiling height and power also make the building attractive to manufacturing
tenants in addition to distribution. In addition to rental income, the 702 kW solar panel
system produces $25,000 and up to $50,000 of income, depending on weather and
demand.

Investment Highlights

  • Single Tenant Industrial Asset
  • Well Established International Tenant
  • Building Structure Allows Multi-Tenant Configuration
  • Income Producing Solar Array

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Financing By

Single-Tenant Industrial

1649 Broadway

Listing Price: $8,050,000

Cap Rate
9.70%
Gross SF
118,172
Price/Gross SF
$68.12
Lot Size
10.93 acres
Year Built
1974
Rentable SF
118,172

Investment Highlights

  • Single Tenant Industrial Asset
  • Well Established International Tenant
  • Building Structure Allows Multi-Tenant Configuration
  • Income Producing Solar Array

Investment Overview

1649 Broadway is a 118,172 square foot Industrial flex building. Office area is limited to approximately 8.5 Percent of the total area. It is located in Hanover Pennsylvania, near the Maryland state line and is in proximity to the York, Harrisburg, and the Upper Chesapeake Bay markets. The design and layout will allow the ownership to reconfigure to a multi tenant asset if required. The ceiling height and power also make the building attractive to manufacturing tenants in addition to distribution. In addition to rental income, the 702 kW solar panel system produces $25,000 and up to $50,000 of income, depending on weather and demand.

Exclusively Listed By

Broker of Record

  • Timothy B. Stephenson Jr.

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

Financing By

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