For Sale
$6,250,000

780 Eden Rd Lancaster, PA 17601

High-yield flex space, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A, 51,120 square foot industrial flex property in Lancaster, PA, presents a compelling net lease investment opportunity. The property, built in 1993, boasts a 100% occupancy rate with a single tenant, Boyd Corporation, a subsidiary of Goldman Sachs affiliates. The current lease, a net lease with minimal landlord responsibilities, has a remaining term of approximately 1.2 years, expiring January 31, 2026, but commenced August 1, 1997, indicating a long-standing relationship. The asking price is $6,250,000, representing a price per square foot of $122.26 and an attractive 8.08% cap rate based on a Net Operating Income (NOI) of $504,772. The tenant, a leader in high-performance thermal management solutions, has made substantial improvements to the building, including significant investments in transformers and water tanks, further enhancing the property's value and suggesting a high probability of continued occupancy. The property's strategic location between US Route 222 and US-30, coupled with strong demographics (over 170,000 people within a 5-mile radius), contributes to its investment appeal. The 4.08-acre site offers significant potential for future growth. This is a rare opportunity to acquire a stable, high-performing industrial asset with a strong tenant history and significant upside potential. No lease options remain.

Highlights

  • $6,250,000 asking price for this Class A, 51,120 square foot industrial flex property in Lancaster, PA.
  • Net lease with minimal landlord responsibilities; 8.08% cap rate based on a $504,772 NOI.
  • Tenant, Boyd Corporation (a Goldman Sachs affiliate), has made significant building improvements, including transformers and water tanks.
  • Long-term occupancy indicated by 25+ years of tenancy and substantial tenant investment.
  • The property is strategically located between US Route 222 and US-30, serving a population of over 170,000 within a 5-mile radius.
  • Boyd Corporation specializes in high-performance thermal management solutions.

Property Details for 780 Eden Rd

Property type
Industrial properties, Flex space
Square Feet
51,120 SF
Class
A
Year Built
1993
Buildings
1

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.070118062605
Longitude
-76.287622182714

FAQs

What type of property is this?
Industrial property - High-yield flex space, strong tenant.
Where is the industrial property located?
The property is located at 780 Eden Rd Lancaster, PA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: $6,250,000 asking price for this Class A, 51,120 square foot industrial flex property in Lancaster, PA.; Net lease with minimal landlord responsibilities; 8.08% cap rate based on a $504,772 NOI.; Tenant, Boyd Corporation (a Goldman Sachs affiliate), has made significant building improvements, including transformers and water tanks.
How can I contact the broker?
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780 Eden Rd
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