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The Markets at Hanover 1649 Broadway 118,172 SF 100% Leased Flex Building Hanover, PA 17331 $8,050,000 ($68.12/SF) 8.17% Cap Rate
Executive Summary
1649 Broadway is a 118,172 square foot Industrial flex building. Office area is limited to approximately 8.5% of the total area. It is located in Hanover PA, 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.
Property Facts
Amenities
- 24 Hour Access
- Restaurant
- Signage
- Skylights
- Air Conditioning
Utilities
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Transportation and Warehousing
- -
-
$9.99
-
Jan 0000
Hanover Logistics is an asset based logistics services company, founded in 1955 and based in Hanover, Pennsylvania, providing their customers with superior supply chain management solutions in a variety of Third Party Logistics (3PL) disciplines including traditional warehousing, eCommerce warehousing, distribution, fulfillment and transportation services. At Hanover Logistics they are driven by innovation to strategically meet the objectives of their customers using the most efficient and cost effective methods possible.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Transportation and Warehousing | - | $9.99 | Jan 0000 |
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 44-000-ED-0011.G0-00000 | Improvements Assessment | $1,992,060 |
| Land Assessment | $267,570 | Total Assessment | $2,259,630 |
Property Taxes
Parcel Number
44-000-ED-0011.G0-00000
Land Assessment
$267,570
Improvements Assessment
$1,992,060
Total Assessment
$2,259,630
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The Markets at Hanover | 1649 Broadway
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