Sal Caruso - REMAX Distinctive

Description

This is an incredible investment opportunity with a 10.6% cap rate. The building is 7,160 sqft of medical office space already leased. Current lease is a 20 year lease renewable every 5 years with an escalation clause. With UPMC purchasing Hanover Hospital, OSS Hanover adding partners and the new WellSpan building in town; renting this should be simple after the lease is fulfilled. The office space is set up perfectly for a Dentist or Chiropractic office. The current rental agreement is a triple net lease and includes a half basement downstairs with optional separate entrance. The financial information, property details, and lease is available upon request. Must sign NDA agreeing to not share financial information.

Details

MLS#PAYK103908
StyleIndustrial
Sub-TypeResale
StatusActive
Year1989
Days On Site10

Features

SQ Feet71
Story(s)0
Units2
ZoningRS

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Area Information

StatePA
CityHANOVER
Zip Code17331
AreaHanover Boro (15267)
Listing VS Median (in 17331)
Price:
$450,000
low | high
Med:
$179,900
100% of Average
SqFt:
71
low | high
Med:
1,610
100% of Average
$ / SqFt:
$6,338
low | high
Med:
$114
100% of Average
On Site:
10
low | high
Med:
162.5
6.153846153846% of Average
Listing Updated: 12/16/2018
MLS Number: PAYK103908
Listing Provided By:
Broc Schmelyun  of  Berkshire Hathaway HomeServices Homesale Realty

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