Bakery Moosic (Scranton), PA This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein. Phone: 212-972-7457 Fax: 212-686-0078 Email: [email protected]Website: www.exp1031.com Price: $1,100,000 | Cap: 12.55% | NOI: $138,000 • Located at the intersection of Interstate Highways I-81 & I-476 near I-380 & I-84 • Property is 100% occupied by 2 bakeries • Located six miles south of Scranton and 13 miles north east of Wilkes-Bare, PA • 80,000 sf building; 40% air conditioned, 2,000 amp power & 2 high pressure package unit boilers • Private road in park-like setting; near Glenmaura National Golf Course and Class A office and retail • Wilkes-Barre / Scranton International Airport is across I-476 from property at I-81 • Excess land on separate lot • Total land size is 4.8 acres www.aphotostory.net 100% Occupied Two-Tenant Bakery Facility Rocky Glen Road – Moosic (Scranton), PA 18507
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Bakery
Moosic (Scranton), PA
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
• Located at the intersection of Interstate Highways I-81 & I-476 near I-380 & I-84 • Property is 100% occupied by 2 bakeries • Located six miles south of Scranton and 13 miles north east of Wilkes-Bare, PA • 80,000 sf building; 40% air conditioned, 2,000 amp power & 2 high pressure package unit boilers • Private road in park-like setting; near Glenmaura National Golf Course and Class A office and retail • Wilkes-Barre / Scranton International Airport is across I-476 from property at I-81 • Excess land on separate lot • Total land size is 4.8 acres
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT SUMMARY: EXP Realty Advisors exclusively presents for sale this 80,000 sf two-tenant bakery facility situated upon 4.8 acres including an additional 1.37 acre lot. The property is leased to two bakeries which have relocated from New York City. These tenants produce gluten free products. Moosic is located six miles south of Scranton, PA and 13 miles northeast of Wilkes-Barre, PA. The building is located at the intersection of I-81 & I-476 near I-84 & I-380. This prime highway access gives the tenants access to major markets including New York City, Philadelphia, Baltimore and Syracuse. Moosic has experienced a recent surge in retail and commercial development, anchored by the area's 20-screen Cinemark movie theater. Other businesses operating corporate offices in the immediate vicinity include Bank of America, Cigna, Prudential, and Metlife. Directly to the north of the property is the Toyota Pavilion, Sno Mountain Ski Resort and the Shoppes at Montage shopping center. Directly south is the site of the Wilkes-Barre/Scranton International Airport. The public bus stops in front of the property. Glenmaura National Golf Club is located approximately ½ mile from property as are many multi million dollar homes.
List Price:
NOI:
Cap Rate:
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Building Area:
Office Area:
Refrigerated Area:
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Sewer:
$1,100,000
$138,000
12.55%
4.8 Acres
80,000 SF
3,000 SF
40% of building
Circa 1950; expanded circa 1960
2,000 amps, 220V, 3 Phase
6” natural gas line
2 high pressure package
unit boilers
A new torch down roof
membrane with a reflective
aluminum coating was completed
in 2008
3 loading docks
1 drive door
14 feet under steel height
Potable artisan well water
Direct connection
Bakery
Moosic (Scranton), PA
Tenant Annual Rent * Term Escalations
Jennies All Natural Gluten Free Coconut Macaroons
102,000
3 years from date of sale None
Co-Pack Gluten Free Bakery 60,000 month to month None
Real Estate Taxes (Only Landlord Expense) (24,000)
Net Operating Income 138,000
Price 1,100,000
Cap Rate 12.55%
* Tenants reimburse all operating expenses except property taxes
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc does not guarantee, warranty or represent its accuracy. It is the
Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
