Class A Corporate
For Sale
Contact for pricing
225 Grandview Avenue, Camp Hill, PA 17011
Established Class A corporate campus in Camp Hill, PA.
Property Size214,024 SF
Days on Market226
Property Features for 225 Grandview Avenue
General Information
Standard status
Active
Size
214,024 SF
Class
A
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
214,024 SF
Year Built
1981
Properties For Sale
at 225 Grandview Avenue Contact usFifth Floor - Suite 501
Size
23,392 SF
Type
Office Building
Term
Negotiable
First Floor - Suite 101
Size
47,652 SF
Type
Office Building
Term
Negotiable
Fourth Floor - Suite 401
Size
12,223 SF
Type
Office Building
Term
Negotiable
Fourth Floor - Suite 402
Size
11,369 SF
Type
Office Building
Term
Negotiable
Lower Level
Size
45,964 SF
Type
Office Building
Term
Negotiable
Second Floor - Suite 201
Size
8,296 SF
Type
Office Building
Term
Negotiable
Second Floor - Suite 202
Size
25,571 SF
Type
Office Building
Term
Negotiable
Second Floor - Suite 203
Size
15,765 SF
Term
Negotiable
Third Floor - Suite 301
Size
11,896 SF
Type
Office Building
Term
Negotiable
Third Floor - Suite 302
Size
11,896 SF
Type
Office Building
Term
Negotiable
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Listed By:
Jason Grace, CCIM, SIOR · License #PA #AB065863
(717) 421-1943
Source:
Tcnworldwide
Added: Mar 6
Changed: Oct 15
Last Checked: Oct 16 at 7:57AM
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 Jason Grace, CCIM, SIOR
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Investment Insights
Based on property information with market context.
Located three miles west of Harrisburg, Camp Hill benefits from Harrisburg's job growth and proximity to two Fortune 500 companies, Hershey and Rite Aid. The property is located near a large amount of housing, providing access to a labor base. Camp Hill has a significant concentration of businesses within the healthcare industry. The property is located in an established Class "A" master planned corporate campus with access to the West Shore business corridor. Hospitality options are located nearby with a conferencing center as well as an onsite Avenue C micro market. The property can be divided to 10,000 square feet for multi-tenant configurations. The property was delivered in 2021 and includes secure key card access. The garden level includes a raised floor system allowing for easy IT cabling setup. Nearby tenant amenities include the newly developed Camp Hill Commons (Starbucks, First Watch, etc.). The property features a new state-of-the-art HVAC system with individual tenant controls as well as new ultra violet & bipolar ionization technology to provide a clean air environment. On-site backup power generation is available for computer data backup and emergency life safety equipment. The property ownership and management are local, well capitalized and professional.
Key Highlights
- Below market full service rental rates
- Located in an established Class "A" master planned corporate campus with immediate access to West Shore business corridor
- New state‑of‑the‑art HVAC system with individual tenant controls, ultra violet & bipolar ionization technology for a clean air environment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,718,854
Suggested Prices Based on Cap Rates
Cap Rate 5%
$54,377,080
$54.4M
Cap Rate 7%
$38,840,771
$38.8M
Cap Rate 9%
$30,209,489
$30.2M
Market Conditions
NOI Build-Up for 214,024 SF
Gross rent
$3.85M $18.00/SF
− Vacancy
−$227.3K −$1.06/SF
EGI
$3.63M $16.94/SF
− OpEx
−$906.3K −$4.23/SF
NOI
$2.72M $12.70/SF
Area
Cumberland County, PA
Vacancy
5.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$54,377,080
Cap Rate 7%
$38,840,771
Cap Rate 9%
$30,209,489
Alternative Uses
Best Use
Office B
$38.84M
$33.99M – $45.31M
NOI $2,718,854 @ 7.0% cap · market cap 13,628,340.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$49.72M
$43.50M – $58.00M
NOI $3,480,133 @ 7.0% cap · market cap 17,444,275.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 17011, PA
36,184
Population
14,999
Households
2.4
Avg Household Size
41
Median Age
44%
College-Educated
92%
High-School Grad
13.1 sq mi
ZIP Area
2,762
Density / Sq Mi
$88,889
Median Household Income
$52,518
Median Earnings
$1,270
Median Rent
$261,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Established Class A corporate campus in Camp Hill, PA.
Where is this office building located?
The property is located at 225 Grandview Avenue Camp Hill, PA.
What are key features of this property?
This property features: Below market full service rental rates; Located in an established Class "A" master planned corporate campus with immediate access to West Shore business corridor; New state‑of‑the‑art HVAC system with individual tenant controls, ultra violet & bipolar ionization technology for a clean air environment
