Net-Leased Medical Office
For Sale
Contact for pricing
550 N 12th Street, Lemoyne, PA 17043
100% occupied medical office building leased to four healthcare operators, with landlord limited to roof and exterior repairs.
Property Size14,341 SF
Days on Market121
Property Features for 550 N 12th Street
General Information
Standard status
Active
Size
14,341 SF
Property subtype
Office, Retail
Occupancy
100%
Additional Details
Cap Rate
7.2%
Building Details
Year Built
1996
Year Renovated
2014
Tenancy
Multi
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Jonathan Peranich · License #9005448
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 5:01AM
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 Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
This 1996-constructed medical office building is offered for sale as a 100% occupied asset, leased to four national and regional healthcare operators. DaVita Dialysis and Geisinger Hospital collectively represent approximately 80% of the rentable area, with additional tenants including Select Physical Therapy and Hand Therapy Associates. Substantial interior renovations were completed in 2014. The owner also completed significant exterior and structural capital improvements; a new roof was installed in 2014, and all but one of the HVAC units have been replaced within the last three years.
The property is located in the heart of the Harrisburg MSA and is positioned in close proximity to Geisinger Medical Center, a 311-bed hospital, with surrounding complementary medical offices. Two University of Pennsylvania hospital systems are located within a four-mile radius.
Leases are structured on a net basis, with the landlord responsible only for repair and replacement of the roof and exterior components. Tenants are responsible for their pro-rata share of utilities, property taxes, insurance, and common area maintenance. The offering is presented at a 7.20% capitalization rate.
The property is located in the heart of the Harrisburg MSA and is positioned in close proximity to Geisinger Medical Center, a 311-bed hospital, with surrounding complementary medical offices. Two University of Pennsylvania hospital systems are located within a four-mile radius.
Leases are structured on a net basis, with the landlord responsible only for repair and replacement of the roof and exterior components. Tenants are responsible for their pro-rata share of utilities, property taxes, insurance, and common area maintenance. The offering is presented at a 7.20% capitalization rate.
Key Highlights
- 100% occupied 14,341 SF medical office building at 550 North 12th Street
- Leased to four healthcare operators; DaVita Dialysis & Geisinger Hospital occupies approx. 80% of rentable area
- DaVita 25‑station practice offers hemodialysis, peritoneal dialysis, and home health training
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
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 - 100% occupied medical office building leased to four healthcare operators, with landlord limited to roof and exterior repairs.
Where is this medical office space located?
The property is located at 550 N 12th Street Lemoyne, PA.
What are key features of this property?
This property features: 100% occupied 14,341 SF medical office building at 550 North 12th Street; Leased to four healthcare operators; DaVita Dialysis & Geisinger Hospital occupies approx. 80% of rentable area; DaVita 25‑station practice offers hemodialysis, peritoneal dialysis, and home health training
