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- LoopNet Team
2014 Sandy Dr
State College, PA 16803
Building For Sale - High NOI · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Prime commercial property
- High NOI
- Excellent craftmanship, finshes and materials
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Kitchen
- Basement
- Secure Storage
- Outdoor Seating
- Air Conditioning
ABOUT 2014 SANDY DR , STATE COLLEGE, PA 16803
2014 Sandy Drive presents investors with a truly rare commercial investment opportunity. This Roeshot built property is second to none in terms of craftsmanship, materials and finishes. The highly successful dental business/tenant leases the entire building. In October of 2020 the tenant signed a new, 10 year guaranteed, lease. The lease is a true NNN lease, the owner does not pay any expenses on the property including exterior maintenance and property taxes. Lease rates are excellent and set to increase in 2023. With a very high NOI, at $2.55M the CAP Rate is 7%. After 2023 rent increases at 7% CAP the building valuation increase to $2.9M. See attachment for additional investment highlights.
PROPERTY TAXES
| Parcel Number | 24-433-021-0000 | Improvements Assessment | $352,820 |
| Land Assessment | $49,800 | Total Assessment | $402,620 |
PROPERTY TAXES
