252 N. Franklin Street

Property Details

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Property Features

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Project Description

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Industrial investment property located in Red Lion Borough, York County, PA. Kimball International (stock symbol KBAL) acquired the assets of The David Edward Company Ltd. (doing business as David Edward). In turn they created a wholly owned division called David Edward Furniture, Inc. The property owner Red Lion LLC retained the real estate which David Edward Furniture, Inc. is leasing for an initial 5 year term (effective 10/26/18) at a current annual rent of $144,000.00 NNN. David Edward has been in business at this location for approximately 38 years. This well maintained property is composed of three parcels totaling 3.61 acres, the main 126,860 sf 3-story building is situated on approximately 2.40 acres zoned industrial, a parcel to the rear with 4,750 sf pole building zoned industrial, and a noncontinuous parcel zoned residential across the street serves as a parking lot for approximately 40 vehicles plus there is additional parking to the rear of main building. The main building has office space on third floor consisting of a reception area, private offices, bullpen area, conference room, and copy room. The manufacturing area offers three docks, one grade level door, two large freight elevators, sprinklered, rest rooms on each floor, good clear heights and column spacing throughout, well maintained roof, ample three phase power with two services (240V, 600amps & 480V, 600amps), and the building is heated primarily by scrap wood, secondary is oil. Sale also includes parcel 67-82-000-05-0077-A0-00000 & 67-82-000-05-0053-B0-00000. David Edward is a premier designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward sells primarily in the North American and Middle Eastern markets.
Real Estate Taxes $31,635.

Property Location:

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