3962 Portland StCoplay, PA 18037

Property Details for 3962 Portland St

Year built

1920

Lot size

2.17 AC

Property size (Sq ft)

43,305 SF

Zone code

ME-I

Property type

Warehouses

APN

547984239779-1

APU

5479842397791

Description

This exceptional investment opportunity presents a 43,135-square-foot industrial warehouse located at 3962 Portland St, Coplay, Pennsylvania, 18037. The property, built in 1920 and extensively renovated in 2024, sits on a 2.1-acre lot and is zoned ME/I (Mineral Extraction/General Industrial). The single-building warehouse boasts three loading docks and three dock-high doors, facilitating efficient operations. The interior features a 16-foot ceiling height, providing ample storage and operational space. Currently owner-occupied, this Class C warehouse is offered for sale with a leaseback agreement in place. The sale includes a new 15-year absolute NNN lease, providing a secure and predictable income stream for the buyer. The asking price is $3,200,000, representing an attractive 8.00% capitalization rate. This presents a compelling opportunity for investors seeking a stable, long-term investment in a well-maintained industrial property with a strong tenant in place. The property's strategic location in Lehigh County, Pennsylvania, offers convenient access to major transportation routes and a robust industrial market. The leaseback structure minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a high-quality industrial asset with a significant return on investment.

Location Insight

City

Coplay

County

Lehigh

State

Pennsylvania

Latitude

40.6696

Longitude

-75.5515

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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