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Lehigh Valley Health Network | Abs NNN 10 E Spruce St 8,700 SF 100% Leased Office Building Frackville, PA 17931 $2,464,050 ($283.22/SF) 6% Cap Rate
Investment Highlights
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
- Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
Executive Summary
Broker of Record
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,700 SF
Building Class
B
Year Built
2000
Price
$2,464,050
Price Per SF
$283.22
Cap Rate
6%
NOI
$147,843
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,700 SF
Building FAR
0.38
Lot Size
0.52 AC
Zoning
C-3
Parking
43 Spaces (4.94 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Numbers | Improvements Assessment | $259,910 | |
| Land Assessment | $24,835 | Total Assessment | $284,745 |
Property Taxes
Parcel Numbers
Land Assessment
$24,835
Improvements Assessment
$259,910
Total Assessment
$284,745
Contacts
-
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Photos
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Presented by
Lehigh Valley Health Network | Abs NNN | 10 E Spruce St
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