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1 Danforth Dr 34,055 SF Industrial Building Easton, PA 18045 $6,060,000 ($177.95/SF) 5.02% Cap Rate
Executive Summary
The property is leased to PolyGel - https://polygel.com/
Original lease term: June 1, 2022 – May 31, 2032 at $8.75/SF NNN with 2% annual increases
Beginning June 1, 2026: $9.47/SF NNN with 2% annual increases for the remaining lease term
Renewal options: Two (2) additional 5-year options with 3% annual increases
Original lease term: June 1, 2022 – May 31, 2032 at $8.75/SF NNN with 2% annual increases
Beginning June 1, 2026: $9.47/SF NNN with 2% annual increases for the remaining lease term
Renewal options: Two (2) additional 5-year options with 3% annual increases
Property Facts
| Price | $6,060,000 | Lot Size | 5.04 AC |
| Price Per SF | $177.95 | Rentable Building Area | 34,055 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 5.02% | Year Built | 1996 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Clear Ceiling Height | 24’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Zoning | PIOP - Planned Development | Industrial Park | ||
| Price | $6,060,000 |
| Price Per SF | $177.95 |
| Sale Type | Investment NNN |
| Cap Rate | 5.02% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 5.04 AC |
| Rentable Building Area | 34,055 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 3 |
| Zoning | PIOP - Planned Development | Industrial Park |
Amenities
- 24 Hour Access
- Signage
- USDA/FDA
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | K8-5-2A-2A-0324 | Improvements Assessment | $498,600 |
| Land Assessment | $75,600 | Total Assessment | $574,200 |
Property Taxes
Parcel Number
K8-5-2A-2A-0324
Land Assessment
$75,600
Improvements Assessment
$498,600
Total Assessment
$574,200
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1 Danforth Dr
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