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Five-Building Industrial Portfolio
Asset ClassIndustrial
Rentable SF97,379
5-Building Industrial Portfolio | 3 Years Remain on NNN Lease | Attractive Going-In Yield | Hagerstown, MD & Johnstown, PA
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Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of a five-building defense manufacturing portfolio located in Hagerstown, Maryland and Johnstown, Pennsylvania. The portfolio totals 97,379 square feet across 13.18 acres of industrial-zoned land and is 96% leased to Electromet Corporation, a defense manufacturer with a 51-year local operating history. The remaining 4% is leased to Antietam Broadband, a full-service broadband provider with deep local roots. Electromet has a weighted average lease term of 3.11 years across four NNN leases, while Antietam Broadband recently signed a 1-year lease extension with three 1-year options.

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Investment Highlights

  • Five-Building, Four-Parcel NNN-Leased Defense Manufacturing Portfolio
  • Highly Leasable Building Sizes That Fit Most Active Segment of the Market
  • Compelling Value-Add Upside Through Re-Tenanting, Offered at an Attactive Going-In Yield
  • Desirable Industrial Markets With Low Vacancy & Brand Name Neighbors
  • Excess Land on All Parcels for Future Expansion or Outdoor Storage Use
  • Tenant Supports U.S. Department of Defense & Prime Defense Contractors
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Listing provided by Revere CRE