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100 Community Dr - Single Tenant Leased Medical Condo 6,067 SF Medical Condo Unit Offered at $1,568,467 in Tobyhanna, PA 18466
INVESTMENT HIGHLIGHTS
- NNN Lease
- Annual Rent Increases
- Minimal, Fixed Landlord Expenses
- Renewal Options
EXECUTIVE SUMMARY
Mountain Healthcare Center is a 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional LVHN offices, dialysis, orthopedics and Pocono Eye. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. 2021 common upgrades, included parking lot resurfacing and building exterior paint.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 55,536 SF | Typical Floor Size | 27,000 SF |
| Property Type | Office (Condo) | Year Built | 2003 |
| Property Subtype | Medical | Lot Size | 7.01 AC |
| Building Class | B | Parking Ratio | 5.76/1,000 SF |
| Floors | 2 | ||
| Zoning | Commercial | ||
| Total Building Size | 55,536 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 27,000 SF |
| Year Built | 2003 |
| Lot Size | 7.01 AC |
| Parking Ratio | 5.76/1,000 SF |
| Zoning | Commercial |
1 UNIT AVAILABLE
Unit 101
| Unit Size | 6,067 SF | Sale Type | Investment |
| Price | $1,568,467 | Cap Rate | 7.70% |
| Price Per SF | $258.52 | NOI | $120,739 |
| Condo Use | Medical | APN/Parcel ID | 03.93573.U101 |
| Unit Size | 6,067 SF |
| Price | $1,568,467 |
| Price Per SF | $258.52 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| NOI | $120,739 |
| APN/Parcel ID | 03.93573.U101 |
DESCRIPTION
$120,000+ NET Annual Income - Lease option just exercised for an additional 3-year term through August 2028. Lehigh Valley Health Network-Pocono occupies as an imaging center. January 2020 investment into space and equipment upgrades demonstrate continued commitment to location. Mountain Healthcare Center is a 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional LVHN offices, dialysis, orthopedics and Pocono Eye. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. 2021 common upgrades, included parking lot resurfacing and building exterior paint.
SALE NOTES
NNN Lease
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Lehigh Valley Hospital - Pocono |
99,999 SF SF
|
Jan 0000
|
Presented by
100 Community Dr - Single Tenant Leased Medical Condo
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