ModCorr LLC Signs Long-term Lease At PNK Allenwood 4 Industrial Facility In Allenwood PA
89 Enterprise Boulevard
Building Size
252,282 SF
Asset Type
Industrial
Closing
Jul 21, 2025
AI
The property asset involved in this transaction is located at 89 Enterprise Boulevard, Allenwood, PA. It consists of an industrial facility with a total square footage of 252,282, developed by PNK Group. The facility is designed to support specific manufacturing operations for the tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 89 Enterprise Boulevard, Allenwood, PA
- Asset Size: 252,282 sq. ft.
- Landlord: PNK Group
- Tenant: ModCorr, LLC
- Broker: Lee & Associates
- Lease Term: Long-term
ModCorr, LLC has entered into a long-term lease agreement for the industrial facility, which will facilitate their regional expansion and manufacturing operations. The deal was brokered by Lee & Associates, and there is an additional 478,388 sq. ft. facility still available at the park for potential future occupancy.
Players
Allenwood 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