Roddy Inc., the Bensalem-based industrial and commercial real estate brokerage firm, announced that it brokered the sale of the 14.63 acre land parcel located at the corner of Progress Drive & Steel Road South, New Ford Mill Rd Industrial Park, Morrisville, Bucks County, PA.
Frank Roddy, President of Roddy Inc., who handled the sale, advised that the 14.63 acres were sold by Manhasset Bay Associates for $2,195,000.
The land is presently divided into two (2) parcels—one of approx. 7.53 acres and one of approx. 7.10 acres. The properties are zoned Heavy Industrial. Further, the properties are located within 2 miles of the deep water port facility located within Keystone Industrial Port Complex.
Strategically situated in New Ford Mill Rd Industrial Park, the property provides access to Route 13, Route 1, I-95, I-295, the PA Turnpike (I-276) and the NJ Turnpike (I-95) as well as bridges to New Jersey.
Manhasset Bay Associates is a private equity property group headquartered in New York.