In November of 2022, Emerald Creek Capital provided a $3,400,000 acquisition loan in the city of Allentown, PA. The loan is secured by a 4.19-acre industrial property improved with a 27,407-square-foot warehouse building occupied by Amazon. The building features five dock-high doors, six drive-in doors, and has a clear ceiling height of 16 feet. Two acres of the subject property are leased as outdoor storage space. Allentown is Pennsylvania’s third-largest and fastest-growing city. Located 50 miles northwest of Philadelphia and 90 miles west of New York City, the area benefits from access to major thoroughfares and regional connectors. The subject property is accessible by Route 22 and is proximate to Interstate 78 and Interstate 476 which both provide access to Interstate 95.
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