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Woodmont Sells 34 Dauphin Drive in Central PA

MECHANICSBURG, PA—Woodmont Industrial Partners has sold 34 Dauphin Drive, which it acquired two years ago, to Exeter Property Group for $8 million.

By Steve Lubetkin | Updated on November 22, 2014

MECHANICSBURG, PA—Woodmont Industrial Partners has sold 34 Dauphin Drive to Exeter Property Group for $8 million. WIP acquired the 180,333 square-foot, rail-served distribution center in November 2012 and after completing extensive renovations, leased the facility to Allen Distribution, a third-party logistics provider.

WIP completed an intensive 6-month rehab, upgrading the building to modern standards, including the incorporation of an ESFR Sprinkler system and T-5 lighting, among other improvements. The building, which sits on 10.64 acres of land and can support the space requirements of single or multiple tenants, features 3,200 square feet of office space, 24-foot-high ceilings, 20 dock positions and 10 rear rail doors.

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