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2821 Old Route 15 128,000 SF Industrial Building New Columbia, PA 17856 $11,230,815 ($87.74/SF) 6.75% Cap Rate
Investment Highlights
- Recently executed long-term lease with a 10-year term commencing July 2025.
- Stable customer base across technology, defense, medical, and pharmaceutical sectors.
- Access to skilled labor pool through proximity to Penn College and logistics providers such as XPO, Estes Express, and Amazon.
- Tenant and landlord jointly invested in capital improvements including new carpet, HVAC upgrades, and windows.
- Significant on-site land for future expansion opportunities.
- Industrial hub location with direct connectivity to Interstate 80 and major Northeast markets.
Executive Summary
This offering presents a single tenant, net leased asset occupied by Thermal Product Solutions (TPS), a global provider of thermal processing and environmental testing equipment. The 128,000 SF building also serves as TPS’s corporate headquarters and includes recent capital improvements such as new carpeting, upgraded HVAC systems, and window replacements. Located on a 23-acre site with significant land available for expansion, this asset offers excellent long-term growth potential.
TPS has maintained operations here for over 20 years and continues to invest in facility improvements, signaling commitment to the site. The company services aerospace, defense, medical, and pharmaceutical industries, ensuring a stable and diverse customer base. The new 10-year NNN lease delivers predictable cash flow with an in-place NOI of $758,080 and attractive cap rates, supporting strong investor appeal in a market boasting robust logistics connectivity.
TPS has maintained operations here for over 20 years and continues to invest in facility improvements, signaling commitment to the site. The company services aerospace, defense, medical, and pharmaceutical industries, ensuring a stable and diverse customer base. The new 10-year NNN lease delivers predictable cash flow with an in-place NOI of $758,080 and attractive cap rates, supporting strong investor appeal in a market boasting robust logistics connectivity.
Property Facts
| Price | $11,230,815 | Rentable Building Area | 128,000 SF |
| Price Per SF | $87.74 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1955/2006 |
| Cap Rate | 6.75% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 25’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 6 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 23.00 AC | ||
| Zoning | C-M | ||
| Price | $11,230,815 |
| Price Per SF | $87.74 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 23.00 AC |
| Rentable Building Area | 128,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2006 |
| Tenancy | Single |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-M |
Amenities
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 014-054-042.10000 | Improvements Assessment | $610,300 |
| Land Assessment | $769,700 | Total Assessment | $1,380,000 |
Property Taxes
Parcel Number
014-054-042.10000
Land Assessment
$769,700
Improvements Assessment
$610,300
Total Assessment
$1,380,000
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2821 Old Route 15
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