Medical Office Condominium
1244 Wrights Lane Unit 2-300 West Chester, PA 19380
1244 Wrights Lane Unit 2-300, West Chester, PA, 19380
$1,250,000
For Sale
$1,250,000
Condo unit offered for sale subject to an existing 10-year lease, with showings limited to Fridays 1–5pm.
Property Size3,626 SF
Price / SF$344.73
Days on Market157
Property Features for 1244 Wrights Lane Unit 2-300
General Information
- Standard status
- Active
- Size
- 3,626 SF
- Property subtype
- Office
Building Details
- Year Built
- 2010
Listing agency
Benchmark Corporation
(610) 566-3738
Listed by
Francis Boyle · License #RM040034A
(610) 566-3738
Source
Xome
Added: Feb 15 Updated: Jul 21 at 10:32PM Checked: Jul 22 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Benchmark Corporation
Investment Insights
Based on property information with market context.
This for-sale medical office condominium unit is offered “where is, as is,” with no warranties or guarantees. The property is sold subject to the existing 10-year lease. Showings are restricted to Friday hours only, between 1:00 PM and 5:00 PM.
The property is located at 1244 Wrights Lane, Unit 2-300, in West Chester, Pennsylvania.
The available information describes the unit as a medical office space within a condominium setting and does not include additional details on buildout, amenities, or condition beyond the stated sale terms.
The property is located at 1244 Wrights Lane, Unit 2-300, in West Chester, Pennsylvania.
The available information describes the unit as a medical office space within a condominium setting and does not include additional details on buildout, amenities, or condition beyond the stated sale terms.
Key Highlights
- Condo unit for sale subject to an existing 10‑year lease
- Central air cooling
- Heating system listed as “3”
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $26.04 |
| − Vacancy | −$18.4k | −$5.08 |
| EGI | $76.0k | $20.96 |
| − OpEx | −$19.0k | −$5.24 |
| NOI | $57.0k | $15.72 |
3,626 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$814.4K
$712.6K – $950.1K
NOI $57,007 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$802.9K
$702.6K – $936.7K
NOI $56,204 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.10M
$962.0K – $1.28M
NOI $76,956 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jester and Saldivar Dental ...
Dental Office
Water's Edge Dental ...
Dental Office
Dr. Damian Milillo
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Condo unit offered for sale subject to an existing 10-year lease, with showings limited to Fridays 1–5pm.
Where is this medical office space located?
The property is located at 1244 Wrights Lane Unit 2-300 West Chester, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Condo unit for sale subject to an existing 10‑year lease; Central air cooling; Heating system listed as “3”
