Scranton North Logistics Center

JLL is pleased to present for sale Scranton North Logistics Center located in Olyphant, Pennsylvania. The Property is a 1,000,000 square foot Class A cross-dock distribution facility with a 40’ clear height. Scranton North Logistics Center offers the opportunity to acquire a newly constructed industrial facility leased on a long-term basis to an investment grade tenant. The property is situated at an irreplaceable location, less than 5 miles from the confluence of I-81 and I-84.

Scranton North Logistics Center was constructed in 2023 and combines a premier distribution location with attractive building specifications. The Property is fully leased to Amazon.com (NASDAQ: AMZN / Moody’s: A1) with 8.25 years of remaining term and in-place cash flow that provides 25.8% contractual NOI growth over the remaining lease term. The Property was leased 4 months after delivery and underwent extensive tenant investment, serving as an Amazon Inbound Dock (IXD) facility, which replenishes inventory for fulfillment centers in the region.