Roddy Inc. Brokers the Sale of a 233,500 Sq. Ft. Crane-Served Facility Located within Bucks County’s New Ford Mill Road Industrial Park
Morrisville, Bucks County, PA to 20 Steel Road, LLC, an entity related to PennFab, Inc., on behalf of Manhasset Bay Associates.
Frank Roddy, President of Roddy Inc., who handled the sale advised that the premier crane and rail served facility was sold to 20 Steel Road, LLC for $10,600,000. Roddy further advised that the adjacent 14.63 acre land parcel is being offered for sale.
The facility is presently divided into two units—one of approximately 118,000 sq. ft., which is occupied by Ryerson, Inc., and one of approximately 115,000 sq. ft., which is occupied by PennFab, Inc. The fully heated facility offers eleven remote operated cranes ranging in capacity from 10-30 tons, three covered tailgate loading docks, ten (10) drive-in doors providing three drive-thru bays front to rear, 46’0” sloping to 39’0” clear height under steel purlins, a rail spur running 360’ through the building from front to rear serviced by CSX and Norfolk Southern, 34.5 KV/2500 KVA primary electric service and approximately 14,835 sq. ft. of offices. The property is located within two miles of the deep water port facility located within Keystone Industrial Port Complex.
Strategically situated in New Ford Mill Road Industrial Park, the property provides access to Route 13, Route 1, I-95, I-295, the PA Turnpike (I-276) and the NJ Turnpike (I-95) as well as bridges to New Jersey.
PennFab, Inc.—headquartered in Bensalem, PA—is a 31 year old Veteran owned company. They are an AISC and AWS certified fabricator and a major supplier to the Railroad and Transportation Industries providing signal bridges, catenary structures, foundations, track material, signal supports, walkways, cable trays, wire ways, handrails, anti-fall equipment, safety railing, ballast retainers, bridge beams, tie bars, bridge bearings, girders and more. Other industries include, material handling, highway and bridges, heat treating, and furnaces, part washers, pollution control, flight and training simulators, water treatment, heat recovery and simulation chambers, stairs, mezzanines, equipment skids and numerous OEM organizations.
Ryerson Inc. is a leading distributor and processor of metals in North America. Headquartered in Chicago, Ryerson offers an unparalleled range of products, leading processing and fabricating capabilities, a broad geographic reach and an established commitment to superior service.
Manhasset Bay Associates is a private equity property group headquartered in New York.
Headquartered in Bensalem Township, Bucks County, Pennsylvania, Roddy Inc. is a marketer, manager and developer of industrial and commercial real estate throughout eastern Pennsylvania and southern New Jersey. Their clients include regional, national and international companies and financial institutions.
For more information about the company, visit the corporate website www.roddyinc.com.
For further details, contact Francis T. Roddy at (215) 245-2600 or FAX (215) 245-2670.
| Bucks County Lease Activity August - September 2017 | |||
|---|---|---|---|
| Information provided by Colliers and NAI Mertz. | |||
| Bensalem Industrial Industrial Industrial Total Office Office Total Industrial Total Bristol Industrial Industrial Total Office Office Total Grand Total Ivyland Office Grand Total |
SQ FT 6,000 5,511 11,511 1,413 1,413 12,924 SQ FT 4,100 4,100 3,525 3,525 7,625 SQ FT 5,906 5,906 |
Southampton Industrial Grand Total Trevose Industrial Industrial Grand Total Warminster Office Grand Total |
SQ FT 23,850 23,850 SQ FT 25,080 2,720 27,800 SQ FT 2,582 2,582 |
