206 Schuylkill Medical Plz, Unit 206 Pottsville, PA 17901

This investment property features a fully leased office space within a professional medical building. The approximately 5,700 square foot suite is under lease with a new five-year term that began June 1, 2022, and includes annual 2% increases. A full-time management company oversees the property and tenant space. The suite features abundant windows offering pleasant views. The approximate blended five-year monthly average rental rate is $6,600.00, which includes CAM, interior cleaning, condo fees, and utilities. The tenant is responsible for phone, cable, internet, tenant insurance naming the landlord as an additional insured, and minor maintenance such as changing light bulbs. The rental rate incorporates 12.99% of the Condo Association Fees, utilities, and real estate taxes. The building owner is responsible for the payment of condo fees (currently $2,100.00) and real estate taxes (currently $8,349.00), resulting in an approximate $33,549.00 offset against the blended rental rate of $79,200.00, yielding an approximate $45,651.00 without any holdback for capital expenses, giving you over a 7.5% cap rate. The suite includes 11 exam rooms/private offices, one staff area, four H/P restrooms, a reception area, and a waiting area.