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2300 South Pennsylvania Avenue

Logistics Property Co. Secures 937,000 Square Foot Warehouse Lease At South Penn Logistics Center
LEASEDIndustrial

Logistics Property Co. Secures 937,000 Square Foot Warehouse Lease At South Penn Logistics Center

2300 South Pennsylvania Avenue

Building Size

937,000 SF

Asset Type

Industrial

Closing

Mar 4, 2026

AI

The transaction involves an industrial asset located at 2300 South Pennsylvania Avenue in Morrisville, PA. This warehouse spans 937,000 square feet, having been delivered in 2025. The building was developed by FCL Builders and is part of the South Penn Logistics Center.

Summary of transaction details:

Logistics Property Co. secured the lease for the warehouse at the South Penn Logistics Center, although the identity of the tenant remains undisclosed. The lease was facilitated with the assistance of brokers John Gartland, Chris Butera, and Kevin Hagenberg.

Players

Jonas Skovdal

Cushman & Wakefield

Broker

$23.3M

vol

6 deals

Broker
LC
Logistics Property Co.Landlord

Morrisville Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93