Steve Italiano, SVP, and Paul Touhey, an associate in the Wayneoffice of CB Richard Ellis, are exclusive agents for the property.The building is currently 50% leased to three credit-worthytenants, Italiano tells GlobeSt.com. The asking rental rate for theremaining space is $3.65 per sf, triple-net, with four months freerent on a seven-year lease.

The asking price for acquiring both the building and the site,he says, is $8.9 million. "The parcel is zoned to accommodateeither expansion of the existing structure or the construction ofup to 300,000 sf of custom industrial facilities for occupancy oneither a sale or lease basis," he says, which opens the CBREmarketing efforts to not only potential tenants, but also toinvestors and developers. The building alone is also available foran asking price of $7.6 million.

Parkesburg is west of Downingtown and approximately midwaybetween Philadelphia and Harrisburg. The building has a 22-footclear ceiling, tailgate and dual-track interior railcar loadingfacilities, sprinklers, and heavy electrical service. The site alsohas a large, lighted parking area.