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PCCP LLC And MRP Industrial Acquire 57-Acre Industrial Site In York, Pennsylvania For $13.5M

Property Image
SOLD
$13,500,000

Pennsylvania

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Development Site674,000 SF
Sold 08/18/2023
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Property Image
SOLD

PCCP LLC And MRP Industrial Acquire 57-Acre Industrial Site In York, Pennsylvania For $13.5M

500 Willow Springs Lane York, Pennsylvania 17406, USA

See Similar Deals
Development Site674,000 SF
Sold 08/18/2023

Summary

PENNSYLVANIA
Asset Type:Development Site
Price Per Square Foot:$20
Total Square Footage:674,000 SF
Transaction Type:Sale

A 57-acre site located at 500 Willow Springs Lane in York, Pennsylvania has been sold for $13,500,000. The property is designated for an industrial park called Expressway Commerce Center, consisting of two buildings totaling 674,000 square feet. The market value of the property is $20 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,500,000
  • Address: 500 Willow Springs Lane, York, Pennsylvania
  • Market: York, Pennsylvania
  • Size: 57 acres
  • Buyer: PCCP LLC; MRP Industrial - Matt Clymer
  • Seller: The Maple Press Co.
  • Square Footage: 674,000
  • Price per Square Foot: $20

PCCP LLC and MRP Industrial, represented by Matt Clymer, have acquired the site to develop the Expressway Commerce Center. The industrial park is expected to meet the strong demand in the Central Pennsylvania submarket. It will offer modern facilities and benefit from its strategic location near major transportation routes. The project is scheduled for completion in the third quarter of 2024.

Players

BUYER

Details

SOLD
IMAGE: Matt Clymer DATE: 08/18/2023 ADDRESS: 500 Willow Springs Lane MARKET: York, Pennsylvania ASSET TYPE: Industrial ~ ACRES: 57 BUYER: PCCP LLC; MRP Industrial - Matt Clymer SELLER: The Maple Press Co. SALE PRICE: $13,500,000 SF: 674,000 ~ PPSF: $20 NOTE: PCCP LLC and MRP Industrial have purchased a 57-acre site in York, PA, for a two-building, 674,000-square-foot industrial park named Expressway Commerce Center. Scheduled for completion in Q3 2024, the project will cater to strong demand in the Central Pennsylvania submarket with modern facilities and strategic location near major transportation routes.

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