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2590 Monroe St 15,150 SF Industrial Building York, PA 17404 $1,450,000 ($95.71/SF) 3.91% Cap Rate
Investment Highlights
- Effective June 1, 2025, tenant has six (6) years and seven (7) months remaining on their lease term
- The rental rate increases on 1/1/2027, 1/1/2029, and 1/1/2031.
- Tenant currently paying $100,200 in annual rent
- The lease is structured in a NNN format and leaves the Landlord with very limited responsibilities.
Executive Summary
Industrial investment sale. The tenant is American Specialty Systems, Inc. American Specialty Systems was established in 1986 and incorporated in 1991 and provides innovative construction and renovation solutions primarily for the food industry. Over the past 26 years, American Specialty Systems has partnered with iconic brands such as Coca-Cola, Gatorade, Quaker Oats, Kraft Foods, ConAgra Foods, General Mills, Pillsbury, McCormick Spice, The Hershey Company, Swaggerty Sausage, Michael Foods, Campbell’s Soup Company, Cargill, Wayne Farms, and Land O'Lakes. Effective June 1, 2025, American Specialty Systems, Inc. has six (6) years, and seven (7) months remaining on their lease term and is currently paying $100,200.00 in annual rent. The rental rate increases on 1/1/2027, 1/1/2029, and 1/1/2031. The lease is structured in a NNN format and leaves the Landlord with very limited responsibilities. Lease rate supports a 6.7% capitalization rate.
Property Facts Under Contract
| Price | $1,450,000 | Rentable Building Area | 15,150 SF |
| Price Per SF | $95.71 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1959 |
| Cap Rate | 3.91% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3.3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 2.10 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Industrial | ||
| Price | $1,450,000 |
| Price Per SF | $95.71 |
| Sale Type | Investment |
| Cap Rate | 3.91% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.10 AC |
| Rentable Building Area | 15,150 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 3.3/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Industrial |
Amenities
- Security System
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Heating - Gas
1 1
Property Taxes
| Parcel Number | 51-000-05-0151.00-00000 | Improvements Assessment | $181,170 |
| Land Assessment | $175,550 | Total Assessment | $356,720 |
Property Taxes
Parcel Number
51-000-05-0151.00-00000
Land Assessment
$175,550
Improvements Assessment
$181,170
Total Assessment
$356,720
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2590 Monroe St
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