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Lehigh Valley Health | +9 Yrs | Abs NNN 502 S 2nd St 11,200 SF Office Building Saint Clair, PA 17970 $1,836,800 ($164/SF) 6.25% Cap Rate
Investment Highlights
- Absolute NNN lease with 9+ years remaining and 2.5% annual rent escalations for stable, growing cash flow.
- Single-tenant 11,200 SF outpatient medical facility on 3.51 acres in Saint Clair, PA.
- Tenant pays all operating expenses directly, including taxes, insurance, and utilities.
- Corporate guaranteed by Jefferson Health, a major academic health system with 32 hospitals and 62,000 employees.
- Base rent of $114,800 annually with 6.25% cap rate and $164 PSF pricing.
- Attractive depreciation and tax savings potential through cost segregation analysis.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # RB068831, RM423998 (PA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # RB068831, RM423998 (PA)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
11,200 SF
Building Class
B
Year Built
1982
Price
$1,836,800
Price Per SF
$164
Cap Rate
6.25%
NOI
$114,800
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,200 SF
Building FAR
0.08
Lot Size
3.40 AC
Zoning
C-1 - C1 - Commercial district predominantly residential in character
Parking
55 Spaces (4.91 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 62-05-0036.001 | Improvements Assessment | $182,375 |
| Land Assessment | $13,350 | Total Assessment | $195,725 |
Property Taxes
Parcel Number
62-05-0036.001
Land Assessment
$13,350
Improvements Assessment
$182,375
Total Assessment
$195,725
Contacts
-
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Photos
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Lehigh Valley Health | +9 Yrs | Abs NNN | 502 S 2nd St
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