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Harrisburg commercial warehouse sells for $4.1 million
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A Harrisburg warehouse occupied by Capital Presort and The Hershey Creamery Company was sold to a limited liability company for $4.1 million, real estate brokerage firm Marcus & Millichap announced on Wednesday.
The Hagy Way Industrial Building, a 59,050-square-foot, temperature-controlled warehouse was recently sold to an undisclosed buyer by the Calabasas, California-based firm. The warehouse features 10 loading docks, four drive-in bays and a clearing height of 22 feet.
“Our buyer quickly realized the value proposition for this asset, and we moved through the contract to close process with little to no issues,” said Craig Dunkle, an investment specialist of The Dunkle Group of Marcus & Millichap’s Philadelphia office. “It was a true pleasure working directly with both the buyer and seller on this transaction.”
The 1400 Hagy Way warehouse is currently 100% occupied by Capital Presort, a mail presort bureau and The Hershey Creamery Company, which use the space as a distribution hub.
Dunkle said that the property is ideally located for logistics, transportation and distribution thanks to its proximity to I-81 and I-83.
“Due to this and other factors, both tenants recently extended their leases prior to bringing the property to market” Dunkle said. “The combination of the property’s ideal location and long-term lease tenants will make this a solid long-term investment for years to come.”
