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IMR 20 Unico Dr

25,000 SF Industrial Building Hazleton, PA 18202 $2,270,000 ($91/SF) 9% Cap Rate

Investment Highlights

  • One Drive-in Door
  • Ceiling Height ranges from 7' 9" - 11' 6"
  • Investment and/or 1031 exchange
  • One Dock
  • Fully leased through December 2029

Executive Summary

9+% Cap Rate with 4% yearly increase
Investment and/or 1031 exchange sale
Fully leased through December 2029
Construction in 1989, expanded 1992
Warehouse roof improved in March 2023
Within close proximity to I-80, I-81, connecting to Wilkes-Barre/Scranton, Harrisburg, Lehigh Valley, Philadelphia, and New York City

Property Facts

Price $2,270,000
Price Per SF $91
Sale Type Investment
Cap Rate 9%
Sale Conditions 1031 Exchange
Property Type
Industrial
  • Flex Light Manufacturing
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 4.21 AC
Rentable Building Area 25,000 SF
No. Stories 1
Year Built 1989
Tenancy Single
Clear Ceiling Height 11 FT 6 IN
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1

Amenities

  • Security System

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
63-T7S7-001-024-000
Land Assessment
$87,500
Improvements Assessment
$528,800
Total Assessment
$616,300

zoning

Zoning Code M2 (General Manufacturing/Industrial District)
M2 (General Manufacturing/Industrial District)
  • Listing ID: 29097984

  • Date on Market: 7/25/2023

  • Last Updated:

  • Address: 20 Unico Dr, Hazleton, PA 18202

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