Realterm acquires prime industrial outdoor storage maintenance facility in Mechanicsburg, Pennsylvania

Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 6330 Basehore Road located in Mechanicsburg, PA.

The 8.1-acre industrial outdoor storage (IOS) facility features a 6,960-square-foot maintenance shop with four maintenance bays, a fuel island and two points of ingress and egress. The property is fully leased to Ryder Truck Rental.

“Central Pennsylvania is a strong transportation market that acts as a break-bulk hub for New York and New Jersey, serving as a nexus for Northeast and Mid-Atlantic distribution,” said Stephen Panos, Managing Director, Senior Fund Manager, Realterm. “These robust market fundamentals coupled with the area’s lack of developable land presented a fruitful opportunity and aligns seamlessly with our investment strategy.”

The property benefits from its location in proximity to I-81, I-76, I-83 and I-78, allowing users to access more than 45% of the U.S. population in less than a 24-hour drive.

“Highlighted by its prime location in the PA I-78/I-81 industrial corridor, 6330 Basehore Road offers unparalleled connectivity throughout the region and beyond,” said Arnie Capute, Vice President, Investments, East Region at Realterm. “This transportation-advantaged asset exhibits the specific characteristics we seek in a property, making it an excellent addition to our portfolio.”

Jennifer Stein of JDS Real Estate Services, Inc. referred by Roberto Susi & Jose Sasson Lerner of Axiom Capital Advisors facilitated the transaction and represented the buyer.