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East Mountain Corporate Center 613 Baltimore Dr 59,609 SF 76% Leased Office Building Wilkes Barre, PA 18702 $7,200,000 ($120.79/SF) 7.50% Cap Rate
Investment Highlights
- Immediate access to major highways (I-81 and PA Turnpike 476)
- Flexible and efficient floor plates accommodating both large and small users
- Recently updated common restrooms
- Less than 15 minutes to Wilkes-Barre Scranton International Airport
- Attractive, elevator-served lobby and common areas
- Walkable area with sidewalks
Executive Summary
613 Baltimore Drive is a Class “A” office building containing approximately 59,609 rentable square feet, nestled in the East Mountain Corporate Center in Wilkes-Barre, Pennsylvania. Offered with a 7.5% cap rate based on the "in-place" NOI calculated on the existing 75.6% occupancy. Provides 100% upside on the vacancy.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
59,609 SF
Building Class
B
Year Built
1996
Price
$7,200,000
Price Per SF
$120.79
Cap Rate
7.50%
NOI
$540,000
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,870 SF
Building FAR
0.26
Lot Size
5.34 AC
Zoning
C1 - Commercial
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 5,000-12,294 SF
- Office
- Full Build-Out
- Now
- 2nd Floor
- 2,210 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000-12,294 SF | Office | Full Build-Out | Now |
| 2nd Floor | 2,210 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 5,000-12,294 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 2,210 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Property Taxes
| Parcel Number | 50-H11-00A-048-000 | Improvements Assessment | $4,579,800 |
| Land Assessment | $611,400 | Total Assessment | $5,191,200 |
Property Taxes
Parcel Number
50-H11-00A-048-000
Land Assessment
$611,400
Improvements Assessment
$4,579,800
Total Assessment
$5,191,200
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East Mountain Corporate Center | 613 Baltimore Dr
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