Marcus & Millichap brokered the sale of a recently constructed 131,925-square-foot facility in Mt. Pleasant, Pa.
The value of the transaction was $11.9 million.
The property, occupied by ABB Inc., a supplier of high-voltage transformers for electrical power systems, is located at 100 Distribution Circle. The property was completed in 2003 and is situated on approximately 20 acres. The building is an administration, assembly, testing and distribution facility for ABB.
A Dallas, Texas-based developer sold the property to a Palm Springs, Calif.-based investor.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.
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