Medical Outpatient Facility Investment
For Sale
Contact for pricing
338 Alexander Spring Road, Carlisle, PA 17015
Fully leased medical facility near hospitals with long-term tenants.
Property Size21,582 SF
Days on Market105
Property Features for 338 Alexander Spring Road
General Information
Standard status
Active
Size
21,582 SF
Class
A
Property subtype
Office
Zoning
C-2
Building Details
Year Built
1992
Listing Agency:
Zeustra Healthcare Real Estate Advisors
Listed By:
Corey Martier · License #PA RS329042
Source:
Crexi
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 8 at 7:08AM
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 Zeustra Healthcare Real Estate Advisors
Investment Insights
Based on property information with market context.
The property at 338 Alexander Spring Road, Carlisle, PA, is a 21,582-square-foot medical outpatient facility that is 100% leased. It is anchored by Stoken Wagner Ophthalmic Associates and The Ophthalmology and Surgical Institute of Central Pennsylvania (OSI). The property delivers ophthalmic care, including clinical services and on-site surgical procedures. It is located within the Carlisle medical corridor, directly adjacent to the UPMC Carlisle Hospital campus and in close proximity to the new WellSpan Health Carlisle Hospital campus. The property is located just minutes from Interstate 81, one of the region's primary transportation arteries connecting Central Pennsylvania to the broader Mid-Atlantic. The surrounding area continues to experience population growth. The property generates a Net Operating Income of $704,290 and is supported by a weighted average lease term of approximately 12.6 years with CPI-based annual escalations.
Key Highlights
- 100% leased medical outpatient facility anchored by Stoken Wagner Ophthalmic Associates and The Ophthalmology and Surgical Institute of Central Pennsylvania (OSI).
- Strategic location within the Carlisle medical corridor, adjacent to UPMC Carlisle Hospital.
- Generates a Net Operating Income of $704,290.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17015, PA
22,316
Population
10,025
Households
2.2
Avg Household Size
49
Median Age
35%
College-Educated
93%
High-School Grad
110.8 sq mi
ZIP Area
201
Density / Sq Mi
$87,634
Median Household Income
$47,624
Median Earnings
$1,168
Median Rent
$281,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical facility near hospitals with long-term tenants.
Where is this medical office space located?
The property is located at 338 Alexander Spring Road Carlisle, PA.
What are key features of this property?
This property features: 100% leased medical outpatient facility anchored by Stoken Wagner Ophthalmic Associates and The Ophthalmology and Surgical Institute of Central Pennsylvania (OSI).; Strategic location within the Carlisle medical corridor, adjacent to UPMC Carlisle Hospital.; Generates a Net Operating Income of $704,290.
