Broker of Record Kyle Matthews License No. RB068831 (PA) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 (310) 919-5757
Strong Commitment to Area – Old Dominion Freight Line recently renovated this site in 2016 which included an additional acre of land development for operations. In addition, Old Dominion Freight executed a brand new 5-year option in 2016 with one 5-year option remaining.
Strategic Location – Nearest Old Dominion Site is over 100 miles away in Tonawanda, NY, and Girard, OH making this a strategic site for operations. This property is also located minutes from State Route 20, Interstate 79, 86, and 90 which provides ease of access throughout Pennsylvania.
Industrial Synergy – Site is situated in a major industrial corridor with over 21,000,000 SF of industrial space and vacancy rates at a low 4%. Nearby Industrial Tenants include Berry Plastics, GE Transportation, ABF Freight, XPO Logistics, ABC Supply, Zurn Industries, and FedEx Ship Center.
Nationally Recognized Tenant – Old Dominion Freight is a leading LTL Carrier in North America ranking 10th overall with a 2018 annual revenue of over $4.0 Billion with over 234 service centers nationwide. Additionally, Old Dominion Freight posted a 20% Gain in Revenue from December 2017-2018 and continues to show year over year growth in operations.
Ease of Ownership – Tenant handles all expenses for day to day operations. Landlord responsibilities are only roof, parking lot, structure, and exterior walls making this investment ideal for a passive owner, 1031 exchange buyer, or out of state investor.