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243 & 244 GREY FOX DRIVE, MONTOURSVILLE 2 biens • Industriel • À vendre 6 146 754 $ CAD • Montoursville, PA

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FAITS SAILLANTS DE L'INVESTISSEMENT

  • Highly desirable small bay warehouse format: Average tenant space is 4,000 sq ft.
  • Market to Market Opportunity: Strong local tenant demand provides upside at existing tenant roll along with conversion to triple net.
  • Rare opportunity to acquire two assets scale operations in Northern Central PA market-Supply constrained market with no new supply in development.
  • Priced below replacement cost.
  • 4.2% NOI CAGR over 5-year hold period.
  • Favorable financing available.

RÉSUMÉ DE L'ANNONCE

The subject portfolio is located within a major manufacturing hub. Surrounding manufacturers include Shop-Vac Corporation, Prysmian North America, Fedex, Frito-Lay West Pharmaceutical Services and Premier Tech. Located only 4 mins away from major retail and the Lycoming District (redevelopment ongoing). Bass Pro Shops currently in development as well as Starbucks, Target, Dicks Sporting Goods, Burger King and Wawa also in development.
The Williamsport industrial market contains roughly 19.0 million SF of inventory. The market has approximately 7.5 million SF of logistics inventory, 550,000 SF of flex inventory, and 11.0 million SF of specialized inventory. Market vacancy rate of 5.2% as of the third quarter of 2025. Over the past year, the market’s vacancy rate has
changed by 0.9%, a result of no net delivered space and -170,000 SF of net absorption. The Williamsport industrial market has roughly 730,000 SF of space listed as available, for an availability rate of 3.9%. As of the third quarter of 2025, there is no industrial space under construction in Williamsport. In comparison, the market has averaged 32,000 SF of under construction inventory over the past 10 years. Market rents in Williamsport average $9.30/SF. Rents average around $8.40/SF for logistics buildings, $12.70/SF for flex properties, and $9.70/SF for specialized assets. Market rents have changed by 2.7% in logistics buildings year over year and 1.8% in flex buildings. The rental market growth is mostly attributed to an available robust blue collar work force both in Williamsport and surrounding communities but bolstered by county and city investment in new business openings and generating jobs for the community. Existing skilled manufacturing companies make collocating desirable from companies looking for first or additional manufacturing locations.
Manufacturing, which accounts for more than $116 billion in gross state product, and agriculture, which contributes $132.5 billion annually to Pennsylvania’s economy, both play a crucial role in our Commonwealth’s economy and are included in the five key industries highlighted in Governor Shapiro’s Economic Development Strategy.

FAITS SUR LA PROPRIÉTÉ

Prix 6 146 754 $ CAD
Prix/pi² 183,76 $ CAD / pi²
Taux de capitalisation 7%
Type de vente Investissement
Statut Actif
Nombre de propriétés 2
Individuellement en vente 0
Taille totale du bâtiment 33 450 pi²
Superficie totale du terrain 2,12 AC

PROPRIÉTÉS

NOM DE LA PROPRIÉTÉ/ADRESSE TYPE DE PROPRIÉTÉ TAILLE ANNÉE DE CONSTRUCTION PRIX INDIVIDUEL
244 Grey Fox Dr, Montoursville, PA 17754 Industriel 19 000 pi² 2010 -
243 Grey Fox Dr, Montoursville, PA 17754 Industriel 14 450 pi² 2009 -
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  • ID d’inscription: 37745721

  • Date de mise sur le marché: 2025-09-19

  • Dernière mise à jour:

  • Adresse: 243 & 244 GREY FOX DRIVE, MONTOURSVILLE, Montoursville, PA

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