206 Schuylkill Medical Plaza Suite 206 Pottsville, PA 17901
Fully leased medical office space with long-term tenant.
Type:Office
Property size:
5,700 SF- Added:
- May 30, 2023
- Days on Market:
- 1050
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 206 Schuylkill Medical Plaza Suite 206
General Information
- Standard status
- Active
- Size
- 5,700 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agent Eric Seitzinger License #PA
Listing office Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
Listing date May 30, 2023
Source Crexi
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 Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
Overview
Leased Medical Office Investment
This is an investment property for sale featuring a fully leased office space within a professional medical building. The property is under a new five-year lease, which commenced on June 1, 2022, and includes annual rent increases of 2%. A full-time management company oversees the property and tenant space. The suite offers ample natural light with numerous windows and views. The leased suite encompasses approximately 5,700 square feet. The approximate blended five-year monthly average rental rate is $6,600.00, inclusive of 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 includes 12.99% of the Condo Association Fees, utilities, and real estate taxes. The building owner is responsible for the payment of the Condo Fees (currently $2,100.00) and Real Estate Taxes (currently $8,349.00). This provides an approximate $33,549.00 offset against the blended rental rate of $79,200.00, resulting in an approximate $45,651.00 without any holdback for capital expenses, yielding 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Pottsville
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.189995
- Latitude
- 40.682004
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FAQs
What type of property is this?
Medical Office Space - Fully leased medical office space with long-term tenant.
Where is this medical office space located?
The property is located at 206 Schuylkill Medical Plaza Suite 206 Pottsville, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully leased office space provides immediate income.; New 5‑year lease commenced June 1, 2022, ensuring stable tenancy.; Annual 2% rental rate increases provide escalating returns.
