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North American Manufacturing 1074 Barring Ave 75,000 SF Industrial Building Scranton, PA 18508 $2,760,000 ($36.80/SF) 9% Cap Rate
Investment Highlights
- 20-Year Triple-Net Lease | 15+ Years Remaining
- 2% Annual Rent Bumps | Four, Five-Year Renewal Options
- 100% Leased to North American Manufacturing (NAM)
- Long Term Passive Investment w/ Zero Landlord Obligations
- Blended 10.38% CAP Rate Over Base Term
- NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies
Executive Summary
20-Year Triple-Net Lease | 15+ Years Remaining
Property Facts
| Price | $2,760,000 | Lot Size | 3.02 AC |
| Price Per SF | $36.80 | Rentable Building Area | 75,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9% | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.23/1,000 SF |
| Building Class | C | ||
| Zoning | I | ||
| Price | $2,760,000 |
| Price Per SF | $36.80 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.02 AC |
| Rentable Building Area | 75,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 0.23/1,000 SF |
| Zoning | I |
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $106,625 | |
| Land Assessment | $28,070 | Total Assessment | $134,695 |
Property Taxes
Parcel Numbers
Land Assessment
$28,070
Improvements Assessment
$106,625
Total Assessment
$134,695
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North American Manufacturing | 1074 Barring Ave
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