1649 Broadway — Sale in Hanover, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Hanover, PA 17331
  • Year built: 1974

Investment Figures

Cap rate
9.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This industrial in Hanover, PA is listed for sale. It is offered at an approximate 9.7% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1974. It has been on the market for 100 days. Compare it against other industrial listings for sale in Hanover, PA — view the full market.

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