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51-75 Primrose Alley, Hamburg, PA, USA

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Property Overview

Price/Rent PSF $ 980,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available Inquire
Date Available 03/08/2021
Additional URL Link
Floors 1
Building size 29090
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Description

Location
Centrally located in Hamburg Borough in Northern Berks County on the east bank of the Schuylkill River, with Interstate 78/US Route 22 passing directly through the Borough; A swift 50 miles from the State Capital in Harrisburg, PA and 30 miles to Allentown, PA.

Sale
Great multi-tenant industrial investment opportunity with upside potential. This 30,000 rentable square foot property on 2.25 ac consists of warehouse, manufacturing, various sizes of self-storage and contractor spaces with several Truck height at-grade doors and a loading dock (18 overhead doors, 6 at grade doors and 1 loading dock) and possible outdoor storage. Ernst Cabinet Works (in business for 77 years) owned and used this space until recently and vacated 7,650sf. There is upside potential to lease the 7,650sf just vacated by Ernst Cabinets Works or an owner/user to use the space for their business while getting rent income from the other 10 tenants. There is also 3 townhouses that can be converted to more contractor or storage space. Current gross income is $109,480 with the potential to be close to approximately $150,000 per year. Over $200,000 in capital improvements have been completed since 2012, including new roofs and mechanicals. Tenants include Thermo Fisher Scientific (NYSE: TMO), Sunrise Restorations, Kreg Therapeutics, Storage tenants that store Large RVs, trucks and boats. Includes 24 hour surveillance camera access, alarm monitoring and 400 amp, 3-phase electric. Located just off Interstate 78 (one of the warehouse-distribution dominated interstates) and route 61.

Location

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