Description

JLL is pleased to present for sale 2955 State Road in Croydon, Pennsylvania. 2955 State Road is a 200,037 square foot warehouse / distribution facility on 9.87 acres. The Property is situated in the heart of the Bucks County industrial submarket, just 2.7 miles off of I-95 (Delaware Expressway) and presents the opportunity to acquire a newly renovated, fully leased industrial facility situated in an irreplaceable urban infill location.

2955 State Road recently underwent a full renovation in 2022 including new warehouse lighting, whiteboxing, repaving, roof replacement (2023), power upgrades and interior / exterior cosmetic upgrades and combines a highly functional building design at a premier distribution location.

The Property is fully leased to Philadelphia-based 3PL, Jillamy through November 2028 with 4.00% contractual escalations. Jillamy operates this facility on behalf of several accounts, including a paper-centric operation and utilizes the active rail service at the Property through ConRail.

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