3030 Kutztown Rd
$6,900,000
3030 Kutztown Rd, Reading, Pa 19605
105,000 sqft
Building Size
1980
Year Built
Details:
Highlights:
- Days on Market: 26
- Parking Features: Lighted Parking, Paved Parking, Private, Handicap Parking
- Heating: 90% Forced Air
Description:
Situated on 8.33 acres in Muhlenberg Township, 3030 Kutztown Road is an industrial facility with 105,000 square feet. The facility, which has 140 parking spaces, seven docks, 80,000 square feet of warehouse space, and 25,000 square feet of office space, is located in the LI zoning area. A tenant named Gai-Tronics resides in this investment property. The original lease was for 7 years which ends April 30, 2025. An addendum has been executed for the Tenant to extend their lease by 5 years, their first of 2 five-year extensions. Over the past two years, Gai-Tronics has expanded their footprint by 10,000 square feet and made significant upgrades to their 85,000 square foot suite. The 20,000 square feet of vacant space includes offices, restrooms, a break room, a dock, and ceilings that are 24 feet high. The rental revenue from this investment property exceeds $520,000.00 when both suites are leased
Location
Gallery
