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89 Enterprise Boulevard

Updated Jul 22, 2025

ModCorr LLC Signs Long-term Lease At PNK Allenwood 4 Industrial Facility In Allenwood PA
LEASEDIndustrial

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

About this deal

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.

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Players

Lee & Associates
Lee & AssociatesBrokerage
PNK Group
PNK GroupLandlord

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

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