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590 Galleria Dr Johnstown, PA 15904

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For Sale
$5,670,839

Fully occupied, three-tenant retail center with long-term tenants.

Property size:
61,968 SF
Lot size:
5.66 Acres

Property Features for 590 Galleria Dr

General Information

Standard status
Active
Size
61,968 SF
Lot size
5.66 Acres

Building Details

Year built
1999

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Listing Contact
Brian Brockman
Brian Brockman
Source: Crexi

Listing Agency: Bang Realty Listing Agent: Brian Brockman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Johnstown Power Center For Sale

This fully occupied, three-tenant power center encompasses approximately 61,968 square feet. Anchored by Dunham’s Sports, Staples, and Verizon, all tenants recently executed 5-year lease extensions, providing stabilized cash flow and an approximate 5.1-year weighted average lease term. Staples has operated at the site for over 32 years, with Dunham’s Sports in its 27th year of occupancy. The property features frontage on US-219 with exposure to over 30,000 vehicles per day and signalized access at the Galleria Drive interchange, which sees over 14,000 vehicles per day. In-place rents are reportedly 30%–50% below market.
Location Intelligence

Current Use by Public Records

Staples Print & Marketing ... (Bike/Boat/Book/etc) Store Staples (Bike/Boat/Book/etc) Store UPS Alliance Shipping ... Courier Service Staples Travel Services (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

The Johnstown Galleria

Location Insight

  • Map
  • Local Demand
City
Johnstown
County
Cambria
State
Pennsylvania
Longitude
-78.8336631
Latitude
40.2984867

FAQs

What type of property is this?
Shopping center - Fully occupied, three-tenant retail center with long-term tenants.
Where is this shopping center located?
The property is located at 590 Galleria Dr Johnstown, PA.
What is the asking price?
The asking price for this property is $5,670,839.
What are key features of this property?
This property features: - 100% occupied ±61,968 SF power center with stabilized cash flow.; - Anchored by Dunham’s Sports, Staples, and Verizon, all with recent 5-year lease extensions.; - ±5.1-year Weighted Average Lease Term (WALT).
More about this property
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