Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
Eisenhower Business Center, 1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111
1351 Eisenhower Boulevard, Harrisburg, PA 17111

Eisenhower Business Center 1351 Eisenhower Boulevard, Harrisburg, PA 17111

Availability: for sale
Property Type: Industrial
Year Built: 2003
Building Class: B
Building Size: 81,200 SF
Land Size: 8.17  Ac
Price: Undisclosed
Zoning: Limited Manufacturing

Property Description

The property consists of 81,200 SF across two light industrial flex buildings located in the Harrisburg East submarket of Central Pennsylvania. Recognized as one of the leading industrial submarkets in the country, Central Pennsylvania features several regional parcel hubs & last mile fulfillment centers (UPS, FedEx, Amazon, USPC), and four intermodal yards (NS and CSX) offering a mix of domestic and international delivery options. Our robust, nationally recognized highway network with all-directions interstate access via I-81/78, 83, & 76 to the dense consumer markets of the Northeast and Mid-Atlantic regions with a deep common carrier, LTL and 3PL base.

1351 Eisenhower is designed with narrow bay geometry to accommodate Tenants as small as 2,450 SF in building 2 and as small as 7,500 SF in building 1, and offers a flexible combination of dock and drive in door loading capability along with attractive storefront availabilities and signage visible to Eisenhower Boulevard. These suite sizes and dock ratio combinations are highly sought after in Central PA’s industrial flex market. In addition, the location offers a strong advantage for tenants looking to capitalize on the area’s highly productive workforce by presenting short and practical commuting options to executive and associate level employees via the vast road network and public transportation options increasing the overall labor shed for the Central PA submarket into surrounding Lancaster, Lebanon and York counties.

The Property’s proximity to major employers is a significant benefit as well. Several of the area’s nearby largest employers include Penn State Hershey Medical Center, Hershey Food Corporation, TE Connectivity, UPMC, Commonwealth of PA, U.S. Federal Government, PA Turnpike Commission, Highmark Insurance, Aetna, and Capital Blue Cross. The region benefits from excellent access to deep water port facilities in Baltimore, MD, Philadelphia, PA & Northern NJ allowing for same day drayage shuttle runs into the Central PA submarket with same day return service. Recent expansion of the Panama Canal and these East Coast port facilities will continue to fuel the white hot big box industrial warehouse development along I-81/78 corridor further driving demand for these smaller flexible branch facility space options in part to support these large scale logistical operations. We also expect future growth in onshoring of PPE & medical supply by domestic corporations as well as ramping overall inventory levels in preparation for the next global supply chain interruption event.

The area supports the main east coast United States Naval (Mechanicsburg) & Army (New Cumberland) Logistical Defense Distribution hubs. E-commerce suppliers such as Amazon & WalMart.com operate nearly 10 million SF within the region because of the excellent next day ship/return parcel service. UPS & FedEx operate some of their largest ground hubs in North America within the Central PA submarket including the FedEx Ground facility in Lewisberry, PA and UPS’s new 1M SF, 1,000 door Northeast US terminal hub in Middletown, PA.

Highlights

• Rare opportunity to purchase a fully leased NNN 81,200 SF industrial flex business park in Harrisburg, PA

• The property consists of two buildings that sit on 8.17 acres in Limited Manufacturing Zoning District

• Excellent tenant mix with staggered lease expirations offering risk diversification with long term tenancy

• Value add opportunity to reset below market rents to market rents in near term and increase NOI by 15% over next 18-24 months

• Excellent location along highly desired I-283 corridor which is driven by close proximity to area’s largest employers as well access to highly productive work force

• Property is in excellent condition and professionally managed by institutional ownership with no deferred maintenance

• Located just off I-283 with easy access to I-83, I-76 PA Turnpike, and Harrisburg International Airport

Full Address: 1351 Eisenhower Boulevard, Harrisburg, PA 17111

Listing Type: FOR SALE

Status: Sold

Occupancy Rate: 100

Building Class: B

Zoning: Limited Manufacturing

Region: E-NE 

County: Dauphin County

Use Type: Industrial Flex

Property ID: 4007045

Amenities

High Docks: Yes

Grade Docks: Yes

Building Sf: 81200

Parcel Num: 63-062-094

Number Units: 8

Number Buildings: 2

Year Built: 2003

Tenancy Type: Multi-Tenant

Features

• Rare opportunity to purchase a fully leased NNN 81,200 SF industrial flex business park in Harrisburg, PA

• The property consists of two buildings that sit on 8.17 acres in Limited Manufacturing Zoning District

• Excellent tenant mix with staggered lease expirations offering risk diversification with long term tenancy

• Value add opportunity to reset below market rents to market rents in near term and increase NOI by 15% over next 18-24 months

• Excellent location along highly desired I-283 corridor which is driven by close proximity to area’s largest employers as well access to highly productive work force

• Property is in excellent condition and professionally managed by institutional ownership with no deferred maintenance

• Located just off I-283 with easy access to I-83, I-76 PA Turnpike, and Harrisburg International Airport