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4807-4815 Jonestown Rd 4 Office Properties Offered at $16,000,000 in Harrisburg, PA
Investment Highlights
- $16M asking price at a 6.03% going-in cap rate
- 79% occupied with 19,477 SF of immediate lease-up upside
- Strong medical and professional tenant mix with leases through 2033
- $965,000 NOI with $1.395M in-place rent
- Leasing at $17/SF adds $331k rent, lifts NOI to $1.296M, and raises cap rate to 8.1%.
- Diversified rent roll with no tenant over 10%
Executive Summary
4807-4815 Jonestown Road, Harrisburg, PA
Empire Liberty Square is a recently renovated Class A medical and professional office complex offering excellent visibility and accessibility along Jonestown Road. The 96,246-square-foot property sits on 4.66 acres and features four attractive two-story buildings with strong medical and professional tenants.
It offers investors a value-add opportunity with stable cash flow and clear upside. The property is currently 79% occupied, generating $1.395 million in annual base rental income and approximately $965,000 in NOI. At the $16 million asking price, it delivers a 6.03% going-in cap rate.
The tenant mix is well diversified between long-term medical, dental, behavioral health, and professional office users, with many leases running through 2033. The key upside comes from leasing up the remaining 19,477 square feet at $17 per square foot, which can add approximately $331,000 in additional annual rental income, increasing NOI to $1.296 million, and increasing the cap rate from 6.03% to 8.1%.
Empire Liberty Square is a recently renovated Class A medical and professional office complex offering excellent visibility and accessibility along Jonestown Road. The 96,246-square-foot property sits on 4.66 acres and features four attractive two-story buildings with strong medical and professional tenants.
It offers investors a value-add opportunity with stable cash flow and clear upside. The property is currently 79% occupied, generating $1.395 million in annual base rental income and approximately $965,000 in NOI. At the $16 million asking price, it delivers a 6.03% going-in cap rate.
The tenant mix is well diversified between long-term medical, dental, behavioral health, and professional office users, with many leases running through 2033. The key upside comes from leasing up the remaining 19,477 square feet at $17 per square foot, which can add approximately $331,000 in additional annual rental income, increasing NOI to $1.296 million, and increasing the cap rate from 6.03% to 8.1%.
Property Facts
| Price | $16,000,000 | Number of Properties | 4 |
| Price / SF | $166.24 / SF | Individually For Sale | 0 |
| Cap Rate | 6.03% | Total Building Size | 96,246 SF |
| Sale Type | Investment | Total Land Area | 8.66 AC |
| Status | Active |
| Price | $16,000,000 |
| Price / SF | $166.24 / SF |
| Cap Rate | 6.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 96,246 SF |
| Total Land Area | 8.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4813 Jonestown Rd, Harrisburg, PA 17109 | Office | 30,704 SF | 1988 | - |
| 4811 Jonestown Rd, Harrisburg, PA 17109 | Office | 29,204 SF | 1989 | - |
| 4807 Jonestown Rd, Harrisburg, PA 17109 | Office | 27,046 SF | 1988 | - |
| 4815 Jonestown Rd, Harrisburg, PA 17109 | Office | 9,292 SF | 1968 | - |
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4807-4815 Jonestown Rd