North American Manufacturing | 1074 Barring Ave
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North American Manufacturing 1074 Barring Ave
75,000 SF Industrial Building Scranton, PA 18508 $3,250,000 ($43/SF) 7.49% Cap Rate
Investment Highlights
- Original 20-Year NNN Lease w/16+ Years Remaining
- 100% Leased to North American Manufacturing (NAM)
- NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies
- Two Percent Annual Rent Bumps | Four, Five-Year Renewal Options
- Blended 8.53% CAP Rate Over Base Term
- NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant
Executive Summary
20-Year Triple-Net Lease | 16+ Years Remaining
Two Percent Annual Rent Bumps | Four, Five-Year Renewal Options
100% Leased to North American Manufacturing (NAM)
Blended 8.73% CAP Rate Over Base Term
NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies –
Providing Predictable Cash Flows
NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant
NAM was Acquired by KAHO Partners, a Long-Term Investment Partner and Owner of 100MM+ Government Manufacturing Contracts
The U.S. Defense market cap is estimated to be upwards of $300 Billion dollar industry
Two Percent Annual Rent Bumps | Four, Five-Year Renewal Options
100% Leased to North American Manufacturing (NAM)
Blended 8.73% CAP Rate Over Base Term
NAM Specializes in Providing High-Quality, Innovative, and Rugged Equipment for the U.S. Military and Other Government Agencies –
Providing Predictable Cash Flows
NAM Has Been in Operation for almost 50 Years | Stable & Committed Tenant
NAM was Acquired by KAHO Partners, a Long-Term Investment Partner and Owner of 100MM+ Government Manufacturing Contracts
The U.S. Defense market cap is estimated to be upwards of $300 Billion dollar industry
Property Facts
| Price | $3,250,000 | Lot Size | 3.02 AC |
| Price Per SF | $43 | Rentable Building Area | 75,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.49% | Year Built | 1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 0.23/1,000 SF |
| Building Class | C |
| Price | $3,250,000 |
| Price Per SF | $43 |
| Sale Type | Investment NNN |
| Cap Rate | 7.49% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.02 AC |
| Rentable Building Area | 75,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 0.23/1,000 SF |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $106,625 | |
| Land Assessment | $28,070 | Total Assessment | $134,695 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$28,070
Improvements Assessment
$106,625
Total Assessment
$134,695
zoning
| Zoning Code | I |
| I |
Contacts
-
Deno Bistolarides -
Danny Samona -
Gino Kassab -
Noah Dalaly -
Encore Real Estate Investment Services
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North American Manufacturing | 1074 Barring Ave
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