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Lehigh Valley Health Network 141 N Vine St 11,000 SF 100% Leased Office Building Hazleton, PA 18201 $4,470,016 ($406.37/SF) 5.75% Cap Rate
Investment Highlights
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health, forming a major regional
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses and is responsible for
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth and a g
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc., a Pennsylvania non-pr
- 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
Medical
Building Size
11,000 SF
Building Class
B
Year Built
2004
Price
$4,470,016
Price Per SF
$406.37
Cap Rate
5.75%
NOI
$257,026
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,500 SF
Building FAR
0.39
Lot Size
0.65 AC
Zoning
R-3
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Alliance Medical Group
- Health Care and Social Assistance
- -
- -
- -
- Cardiolody Associates Of Greater Hazelton
- Health Care and Social Assistance
- -
- -
- -
- Lehigh Valley Physician Group
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Alliance Medical Group | Health Care and Social Assistance | - | - | - | ||
| Cardiolody Associates Of Greater Hazelton | Health Care and Social Assistance | - | - | - | ||
| Lehigh Valley Physician Group | Health Care and Social Assistance | - | - | - |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 71-T8SW12-006-001-000 | Improvements Assessment | $1,246,700 |
| Land Assessment | $142,400 | Total Assessment | $1,389,100 |
Property Taxes
Parcel Number
71-T8SW12-006-001-000
Land Assessment
$142,400
Improvements Assessment
$1,246,700
Total Assessment
$1,389,100
Contacts
-
Rahul Chhajed -
Michael Moreno -
Tyler Swade -
Matthews Real Estate Investment Services
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Lehigh Valley Health Network | 141 N Vine St
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