18-20 North St Hanover, PA
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Tenant-designed medical office building with stable income streams.
Type:OFFICE
Property size:
9,194 SFLot size:
0.63 AcresPrice / SF:
$240/SF- Added:
- Aug 31, 2022
- Days on Market:
- 1339
- Last Refresh:
- Apr 5 at 11:21 pm
Property Features for 18-20 North St
General Information
- Standard status
- Active
- Size
- 9,194 SF
- Lot size
- 0.63 Acres
- Property subtype
- OFFICE
Listing agent Jennifer Stein License ##RB068057
Listing office JDS Real Estate Services (213) 446-5366
Listing date Aug 31, 2022
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services
Overview
Medical Office Building Investment
Located in Hanover, Pennsylvania, 18-20 North Street is a commercial medical office building featuring 9,194 square feet across two stories and a basement. The property has been recently renovated to meet the needs of its tenant, UPMC (University of Pittsburgh Medical Center). The property generates an annual income of $146,828 on a triple net basis. A rental increase is scheduled for August 2026, during the final year of the current lease. The tenant has two, two-year options to renew. UPMC, an international healthcare provider with locations in Pennsylvania, Maryland, New York, Italy, and Ireland, is the anchor tenant. UPMC operates more than 40 hospitals and 800 doctors' offices and outpatient centers worldwide. The property is located a half-mile from UPMC - Hanover Hospital. Hanover is known as the snack capital of the Northeast due to its snack food industry, including companies like UTZ and Lance. The location in the city center of Hanover caters to a population of 62,129 residents within a five-mile radius.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Hanover Veterinary Hospital — 323 Broadway, Hanover, PA 17331
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- York
- State
- Pennsylvania
- Longitude
- -76.9864
- Latitude
- 39.8049
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FAQs
What type of property is this?
Medical Office Space - Tenant-designed medical office building with stable income streams.
Where is this medical office space located?
The property is located at 18-20 North St Hanover, PA.
What is the asking price?
The asking price for this property is $2,215,000.
What are key features of this property?
This property features: Leased to UPMC, a globally recognized healthcare provider; $146,828 annual income on a triple net lease basis makes this an attractive investment opportunity; Rental increase scheduled for August 2026
