ABC Supply Company Building

3015 North Main Avenue Scranton, PA 18508

FOR SALE
Property Type:
Warehouse
Amount:
$3,400,000
Last Verified:
Sep 21, 2022

Highlights

  • 5.7 YEARS REMAINING | MINIMAL LANDLORD RESPONSIBILITIES
  • MASSIVE ANNUAL RENT INCREASES | 5% INCREASE JUL 2023
  • 36,311 SF | WELL BELOW MARKET RENTS AT $5 PSF
  • ABC SUPPLY CO. | 800+ LOCATIONS | CORPORATE GUARANTEE
  • COMPANY HAS ANNUAL REVENUES OF OVER $12 BILLION
  • LARGEST WHOLESALE DISTRIBUTOR OF ROOFING SUPPLIES IN US
  • RECENTLY ADDED OVER 160 LOCATIONS
  • COMPANY HAS SEEN OVER 75% REVENUE GROWTH SINCE 2015
  • STRONG DEMOGRAPHICS | 131,000 PEOPLE IN 5-MILE RADIUS
  • LESS THAN 15 MINS FROM WILKES-BARRE INTERNATIONAL AIRPORT
  • LESS THAN ONE MILE TO INTERSTATE 81 | 55,874 VPD
  • 2-HOUR DRIVE TO MANHATTAN, NEW YORK CITY CENTER
  • 25 MINUTES FROM NEW LOWE’S DISTRUBUTION CENTER
  • SCRANTON’S PRIME LOCATION ATTRACTS GLOBAL TENANTS PEPSI, AMAZON, FEDEX AND OTHERS LOCATED IN SCRANTON

Description

ABC Supply Company located in Scranton, PA.

Scranton, PA


Year Built: 2005
Building Size: 36311sq ft
Lot Size: 3.7 acres

Map of 3015 North Main Avenue, Scranton, PA, 18508

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.