3145 Shillington Rd
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3145 Shillington Rd
335,626 SF 100% Leased Industrial Building Reading, PA 19608 $18,500,000 ($55/SF) 8.63% Cap Rate
Executive Summary
PRIME LOCATION Along PA Rt. 724 (Near US Rt. 422, US Rt. 222, PA Rt. 61, PA Rt. 183, I-76, & I-78 )with 335,626 SF (324,226 Warehouse Building + 11,400 SF Office Building) on 19.253 Acres with Strong Leases In-Place and Value-Add Opportunities. Zoned I-1 General Industrial with Public Water, Public Sewer, Gas, & Heavy 1,000 Amp 480-Volt 3-Phase Electric On-Site & In Buildings. 17 to 25 Foot High Ceiling Heights with 5 Overhead Cranes, 11 Loading Docks, & 8 At-Grade Drive-In Doors with 100-Plus Car Parking Spaces & 2-Plus Acres for Trailer Parking.
Property Facts Under Contract
| Price | $18,500,000 | Rentable Building Area | 335,626 SF |
| Price Per SF | $55 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1960 |
| Cap Rate | 8.63% | Parking Ratio | 0.49/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 11 |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 19.42 AC |
| Price | $18,500,000 |
| Price Per SF | $55 |
| Sale Type | Investment |
| Cap Rate | 8.63% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 19.42 AC |
| Rentable Building Area | 335,626 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 0.49/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 11 |
| No. Drive In / Grade-Level Doors | 8 |
Amenities
- 24 Hour Access
- Signage
- Yard
- Storage Space
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,036,500 | |
| Land Assessment | $541,300 | Total Assessment | $1,577,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$541,300
Improvements Assessment
$1,036,500
Total Assessment
$1,577,800
zoning
| Zoning Code | I-1 (General Industrial) (Warehousing, Manufacturing, & Distribution Facility with Ancillary Supportive Office Uses.) |
| I-1 (General Industrial) (Warehousing, Manufacturing, & Distribution Facility with Ancillary Supportive Office Uses.) |
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3145 Shillington Rd
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