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LeHigh Valley Health Network 205 E Laurel Blvd 8,057 SF Office Building Pottsville, PA 17901 $2,381,148 ($295.54/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
- 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
8,057 SF
Building Class
B
Year Built
1989
Price
$2,381,148
Price Per SF
$295.54
Cap Rate
5.75%
NOI
$136,916
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,057 SF
Building FAR
0.50
Lot Size
0.37 AC
Zoning
C-3
Parking
44 Spaces (5.46 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Schuylkill Medical Group
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Schuylkill Medical Group | Health Care and Social Assistance | - | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 68-20-0333.000 | Improvements Assessment | $653,000 |
| Land Assessment | $20,700 | Total Assessment | $673,700 |
Property Taxes
Parcel Number
68-20-0333.000
Land Assessment
$20,700
Improvements Assessment
$653,000
Total Assessment
$673,700
Contacts
-
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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LeHigh Valley Health Network | 205 E Laurel Blvd
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