Thursday, October 21, 2010

Cabot Properties, Inc Adds Another Property to Investment Portfolio

"Cabot Properties Inc recently purchased 12285 McNulty Road in Philadelphia for $3.58 million, or just under $48 per square foot. The property was about 85% occupied at the time of sale.

12285 McNulty Road is located in the Byberry East Industrial Park and easily accessible from I-95 and the Pennsylvania Turnpike. The 75,000-square-foot industrial building on 7.20 acres has 75 parking spaces and was built in 1988. The property has a maximum ceiling height of 25 feet, nine loading docks, five levelators and four drive-in bays."

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