McClarin Plastics

Industrial for Sale
Catylist Listing ID: 30405218
Property Subtypes: Free-Standing
Building Size (RSF): 180,214 SF
Gross Building Area: See Agent
Sale Price: $8,500,000
Unit Price: $47.17 PSF
Ceiling: 12 ft. / 22 ft. Clear
Docks/Doors: 15 Docks, 9 Doors
Property Use Type: Investment
Building Name: McClarin Plastics & Grand Power System
Sale Terms: Other
Cap Rate: 8.5%
Last Updated: 9/17/2020

Overview / Comments

Two-Building Portfolio priced at $47.17 per square foot based on going-in cap rate of 8.31%. The subject opportunity offers both a favorable cap rate and price per square foot for the prospective investor. 15-Year absolute net lease investment opportunity. The subject investment opportunity is a long-term absolute net lease with zero landlord obligations. The rent will increase by 2.00% annually, healthily covering inflation risk. Corporate Guaranty from National Plastics Company McClarin Plastics, a plastics thermo-molding company with several Fortune 500 customers. The firm operates out of its headquarters in Hanover, PA. Based on proposed financing (75% LTV, 25-Year Amortization, 5.00% Interest) the prospective investor would achieve a 11.97.% return on equity in the first year of ownership. Industrial corridor with proximity to Baltimore, Washington D.C., and Philadelphia. The subject properties reside in an east coast industrial market with almost 13 million square feet of inventory within a 10-mile radius.

Additional Details

Nearest MSA: York-Hanover
County: York
Tax ID/APN: cpixtax
Parking Description: Ample Parking
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Other
Heat Source: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,544 37,372 64,059
Median Age: 44.46 40.59 41.72
Households: 1,479 15,395 25,407
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