Tuesday, May 1, 2012

505-509 Fishing Creek Road sells for $6M

"The sale of 505-509 Fishing Creek Road, a 216,000 square foot light manufacturing and assembly complex in Lewisberry, PA was arranged. The 27.8-acre site in York County is situated at Exit 36 of I-83 three miles south of the Pennsylvania Turnpike. The 100% leased property was sold for $6,050,000.

The transaction required transfer to the purchaser of the leasehold improvements owned by locally based Flight Systems, Inc. as well as fee title to the underlying land owned by E. I. DuPont de Nemours. In addition to the current tenancy and in place cash flow, this site has significant potential for redevelopment in the future to a more intensive use due to the tremendous visibility from its one quarter mile of frontage on I-83 and its position adjoining the I-83 southbound exit ramp.”

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