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151 Allendale Rd 71,095 SF 100% Leased Industrial Building Mechanicsburg, PA 17050 $10,634,119 CAD ($149.58 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 71,095 SF facility on 3.65 acres featuring 6 dock doors, 2 drive-ins, and 14’6” clear heights
- Over $1.9M in Tenant Funded Improvements Made To Building
- Strategic location minutes from I-76, I-81, and I-83 with 14,400+ VPD and proximity to major logistics routes
- 15 Year Absolute NNN Lease & 3% Annual Increases - Strong Inflation Hedge
- Fully leased to SupplySource Inc., a $45M+ revenue company with K–12, State Gov, and Private Clients
- In Harrisburg's West Shore Market (Cumberland County), one of PA's Fastest Growing Counties
EXECUTIVE SUMMARY
SCOPE Commercial Real Estate Services is pleased to exclusively present 151 Allendale Road, Mechanicsburg, PA 17050. The 71,095 square foot offering is a newly renovated, warehouse & flex building on 3.65 Acres. Ideally located off of Simpson Ferry Road, which sees 14,400+ VPD, the property has convenient access to the Harrisburg area and surrounding submarkets. Furthermore, there are numerous neighboring retail and industrial properties which contribute to the desirability of the location. The property will be delivered with a long-term lease to SupplySource Inc. A single tenant, Absolute NNN lease provides investors with predictable cash flow and ease of ownership. SupplySource Inc. is the largest contract office furniture supplier to the Commonwealth of Pennsylvania and holds state contracts for a number of manufacturers. In addition, SupplySource recently acquired Tanner of PA - allowing them to expand into the K-12 school market. The subject offering is one of five distinct locations SupplySource Inc operates out of to serve the Commercial, Education, Government and Healthcare Markets. Cumberland County (Harrisburg’s West Shore) is one of Pennsylvania’s fastest growing counties. The property is just minutes away from Interstates 76, 81, and 83.
PROPERTY FACTS
| Price | $10,634,119 CAD | Rentable Building Area | 71,095 SF |
| Price Per SF | $149.58 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1980 |
| Cap Rate | 7.50% | Parking Ratio | 0.49/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’6” |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 6 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 3.65 AC | ||
| Zoning | Commercial Limited - Commercial Limited-Warehouse Permitted | ||
| Price | $10,634,119 CAD |
| Price Per SF | $149.58 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.65 AC |
| Rentable Building Area | 71,095 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 0.49/1,000 SF |
| Clear Ceiling Height | 14’6” |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Commercial Limited - Commercial Limited-Warehouse Permitted |
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PROPERTY TAXES
| Parcel Number | 10-23-0563-031 | Improvements Assessment | $1,449,238 CAD |
| Land Assessment | $1,287,538 CAD | Total Assessment | $2,736,776 CAD |
PROPERTY TAXES
Parcel Number
10-23-0563-031
Land Assessment
$1,287,538 CAD
Improvements Assessment
$1,449,238 CAD
Total Assessment
$2,736,776 CAD
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151 Allendale Rd
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