517 Airport RdLititz, PA 17543

Property Details for 517 Airport Rd

Year built

1940

Construction

STEEL FRAME

Lot size

10.80 AC

Property size (Sq ft)

73,139 SF

Zone code

I-3

Property type

Office properties

APN

390-74354-0-0000

APU

3907435400000

Description

This exceptional investment opportunity presents a 115,450 square foot warehouse in Lititz, Pennsylvania. The property, situated on 10.8 acres at 517 Airport Rd, 17543, boasts 14 loading docks and ceiling heights ranging from 16 to 30 feet. Built in 1940 and renovated in 1955, this single-tenant building is currently 100% occupied under a 15-year absolute NNN lease with a reputable tenant. The lease includes annual rent bumps of 2.0% and four, 5-year lease options. The property offers a compelling 8.70% cap rate with a Net Operating Income (NOI) of $461,800 and an asking price of $5,308,046. This sale-leaseback structure provides a secure, long-term income stream with built-in growth potential. The tenant is an established company with a strong track record and significant experience in the construction industry. The property's location in Lancaster County provides excellent access to major transportation routes. This is a rare opportunity to acquire a high-quality industrial asset with a stable, long-term tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $11,289,005

  6.5%

  $10,420,620

  7%

  $9,676,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,608,264

  Geo Method

  $4,601,174

• Alternative Use

  Use

  Valuation

  Residential

  $12,921,568

  Hospitality

  $11,836,087

  Educational

  $9,847,486

  Medical

  $10,186,156

  Retail

  $15,318,311

Location Insight

City

Lititz

County

Lancaster

State

Pennsylvania

Latitude

40.1152

Longitude

-76.2974

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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