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718 Quincy St 23,718 SF Industrial Building Allentown, PA 18109 $2,709,119 CAD ($114.22 CAD/SF) 9.69% Cap Rate
Investment Highlights
- Corporate-Credit Single-Tenant Industrial Asset Leased to Sodexo Subsidiary InReach
- Single-Net Lease Structure Providing Passive Income with Minimal Landlord Responsibilities
- Attractive 9.69% Cap Rate with Term Lease Through December 2027 and Annual Rent Increases
- Recently Renovated In 2025 Featuring New TPO Roof and Enhanced Durability
Executive Summary
Marcus & Millichap is pleased to present the investment opportunity located at 718 N. Quincy Street in Allentown, Pennsylvania. The property features a 23,718-square-foot industrial asset leased to InReach and the Sodexo. The asset operates under a single net lease structure, providing investors with a stable and passive income stream. The lease commenced occupancy on January 1, 2025, with a lease term extending through December 31, 2027. Notably, the current lease includes three renewal options alongside attractive 2.5 percent annual rent escalations. The property generates $233,173 in gross income and $185,019 in net operating income, representing a 9.69% cap rate based on the $1.909 million asking price. Situated on 0.68-acres with an additional 0.14-acre corner lot, the property offers a functional industrial layout with a 15’-6” clear height, making it well suited for a variety of industrial users. The site's configuration supports efficient operations, logistics flow, and future adaptability. The property benefits from a 2025 renovation and the installation of a new Carlisle SyntTec Systems roof, contributing to both durability and curb appeal. Overall, this asset is recently upgraded and tax-stable, offering strong cash flow and low operating expenses. These features, combined with the long-term value potential and corporate tenancy, position the property as a potentially attractive, lower-risk investment opportunity in the industrial sector.
Property Facts
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $371,210 CAD | |
| Land Assessment | $233,993 CAD | Total Assessment | $605,204 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$233,993 CAD
Improvements Assessment
$371,210 CAD
Total Assessment
$605,204 CAD
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718 Quincy St
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