Wednesday, November 12, 2014

Batesville Casket Bldg Sells for $6M

Industrial Property Trust acquired the Batesville Casket Building at 9770 Commerce Cir. in Kutztown, PA from Hillenbrand, Inc. for $6 million, or about $72 per square foot. 

The single-story, 88,000-square-foot warehouse was constructed in 2000 in the Lehigh Valley Industrial submarket, part of Arcadia West Industrial Park. The building sits roughly on 11 acres, and features 12 loading docks and two drive-ins. 

The building is fully leased to Batesville Casket Company, Inc., a designer, manufacturer, distributor, and seller of funeral service products.

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