Thursday, November 3, 2011

LNR Property LP Acquires Ephrata Industrial for $2.5M

"LNR Property LP acquired the industrial building located at 465 N. Reading Rd. in Ephrata, PA from Homette Corporation for $2.5 million, or about $18 per square foot. This property will be used by the owner for his business, but may lease some of the space out in the future.

This property is approximately 136,000 square feet and was constructed in 1968 with additions made to the building in 1986. The building features 12 drive-in bays and four loading docks, a large fenced lot, and parking for 100 cars."

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