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Building 1 401 S Carlisle St 39,500 SF Industrial Building Allentown, PA 18109 $4,700,000 ($118.99/SF) 5.91% Cap Rate
Executive Summary
KSR has been exclusively retained to represent 401 South Carlisle Street, a prime single-tenant industrial investment situated between East Elm and East South Streets in Allentown, PA 18109.
The property consists of a 39,500 SF industrial building situated on a 1.7-acre lot. Offered at $4,700,000 (a 6.00% Cap Rate), the asset generates a stable Net Operating Income of $277,781 ($7 NNN).
The site is fully occupied by Tirehub—a Good Year affiliation—with a lease expiration of December 31, 2031, plus one five-year option at Fair Market Value. This NNN lease structure offers a streamlined, passive investment vehicle, as the tenant is responsible for all real estate taxes, insurance, utilities, and nonstructural repairs. Located in the Lehigh Valley, the site provides direct connectivity to major regional distribution networks, including I-78, Route 309, and I-476.
The property consists of a 39,500 SF industrial building situated on a 1.7-acre lot. Offered at $4,700,000 (a 6.00% Cap Rate), the asset generates a stable Net Operating Income of $277,781 ($7 NNN).
The site is fully occupied by Tirehub—a Good Year affiliation—with a lease expiration of December 31, 2031, plus one five-year option at Fair Market Value. This NNN lease structure offers a streamlined, passive investment vehicle, as the tenant is responsible for all real estate taxes, insurance, utilities, and nonstructural repairs. Located in the Lehigh Valley, the site provides direct connectivity to major regional distribution networks, including I-78, Route 309, and I-476.
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- Offering Memorandum
Property Facts
| Price | $4,700,000 | Lot Size | 5.80 AC |
| Price Per SF | $118.99 | Rentable Building Area | 39,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.91% | Year Built | 1910 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 23’ |
| Building Class | C | No. Dock-High Doors/Loading | 5 |
| Zoning | I-2 | ||
| Price | $4,700,000 |
| Price Per SF | $118.99 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 5.80 AC |
| Rentable Building Area | 39,500 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Tenancy | Single |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 5 |
| Zoning | I-2 |
Amenities
- Fenced Lot
Utilities
- Heating - Gas
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 640781598384-1 | Improvements Assessment | $570,100 |
| Land Assessment | $101,900 | Total Assessment | $672,000 |
Property Taxes
Parcel Number
640781598384-1
Land Assessment
$101,900
Improvements Assessment
$570,100
Total Assessment
$672,000
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