WOMELSDORF, PA. — Marcus & Millichap Real Estate Investments has arranged Outer Banks’ $2.13 million purchase of two absolute net ground leases in Womelsdorf. The tenants, Fulton Bank Corp. and Turkey Hill LP — located at 2400 and 2600 Conrad Weiser Park, respectively — are subject to a 15-year absolute net ground lease with rent increases through the base term for each tenant at the time of the transaction. Approximately 13 years remained on the base term for Fulton Bank and Turkey Hill at the time of the sale. Marcus & Millichap’s Derrick Dougherty, Mark Taylor and Dean Zang represented the seller, Womelsdorf I, LP. Marcus & Millichap’s Michael Shover, Thomas Gorman, Matthew Gorman, Dougherty, Taylor and Zang also procured Outer Banks in the transaction.
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