Sanders Holding LLC Acquires 18.9-Acre Industrial Property In Scranton For $8.3M

The industrial property located at 600 Sanders Street in Scranton, Pennsylvania consists of 18.9 acres featuring a building with a total area of 210,000 square feet. The asset was sold for $8,300,000, translating to a price per square foot of $40.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,300,000
• Address: 600 Sanders Street
• Market: Scranton, PA
• Acres: 18.9
• SF: 210,000
• PPSF: $40
• Buyer: Sanders Holding LLC
• Seller: 600 Sanders Scranton LLC
• Brokers: Griff Keefer, Colin Keefer - Hinerfeld Commercial Real Estate & Jeff Hettinger - Keller Williams Platinum Realty

The seller, 600 Sanders Scranton LLC, was represented by Hinerfeld Commercial Real Estate, while the buyer, Sanders Holding LLC, plans to transform the site into an expansion facility focused on the production and distribution of plastic injection-molded products. This development highlights the ongoing trend of industrial property reuse, applying new functions to existing sites.