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11 Industrial Park Rd Fairdale, PA 15320

For Sale
$829,000

5,000 SF, 9.25% Cap Rate, Net Lease

Property size:
5,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This fee-simple investment opportunity presents a 5,000-square-foot Class A medical office building in Carmichaels, Pennsylvania. Located at 11 Industrial Park Rd, 15320, this single-tenant property is currently 100% occupied by Fresenius Kidney Care under a Net Lease (NN+) agreement. The building, constructed in 2007, sits on a 1.5-acre lot. The current lease, with a commencement date of November 1, 2022, and an expiration date of October 31, 2027, offers a remaining term of approximately 2.9 years. The asking price is $829,000, representing a price per square foot of $165.80 and a 9.25% capitalization rate based on a Net Operating Income (NOI) of $76,729. The tenant, Fresenius Kidney Care, is a credit-rated entity, providing a strong financial foundation for this investment. This property offers a stable income stream with potential for future repositioning. The property is approximately 60 miles south of Pittsburgh. The lease provides for minimal landlord responsibilities. This is a build-to-suit property.

Property Features for 11 Industrial Park Rd

General Information

Property type
Medical offices
Square Feet
5,000 SF
Class
A
Lot Size
65,340 SF

Building Details

Year Built
2007
Buildings
1
Units
1

HighLights

  • Net lease structure minimizes landlord responsibilities.
  • Over three years of guaranteed income with repositioning potential via reletting or lease buyout.
  • Corporate guarantee from Fresenius Medical Care, a globally recognized credit tenant with a BBB- S&P rating.
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

Map

City
Fairdale
County
Greene
State
Pennsylvania
Longitude
-79.9975916
Latitude
39.8663261

FAQs

What type of property is this?
Medical office - 5,000 SF, 9.25% Cap Rate, Net Lease
Where is this medical office located?
The property is located at 11 Industrial Park Rd Fairdale, PA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Net lease structure minimizes landlord responsibilities.; Over three years of guaranteed income with repositioning potential via reletting or lease buyout.; Corporate guarantee from Fresenius Medical Care, a globally recognized credit tenant with a BBB- S&P rating.
More about this property
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