2014 Sandy Dr State College, PA 16803
Two-unit dental office building near Penn State University.
Type:Office
Property size:
9,202 SF- Added:
- Feb 16, 2024
- Days on Market:
- 795
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 2014 Sandy Dr
General Information
- Standard status
- Active
- Size
- 9,202 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agent Marc McMaster License #PA AB067113
Listing office RE/MAX Centre Realty
Listing date Feb 16, 2024
Source Crexi
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 RE/MAX Centre Realty
Overview
Medical Building in Science Park
The property at 2014 Sandy Drive is a two-unit dental office building situated west of Penn State University in the Science Park Commercial District. Classified as a Class A medical building, both units are configured for dental practices. One unit is currently occupied by Advanced Dentistry of Centre County under an absolute NNN lease through 2029, with a direct rent of $9893 plus $3444.23 in additional rent for CAM expenses, which are trued up at year-end. The other unit was previously leased by Advanced Dentistry and is currently vacant as of January 31, 2024. The property features two separate entrances and parking for approximately 50 vehicles. Both AC units were replaced in 2023 and 2024, with the main unit converted to an energy-efficient heat pump. The tenant covers 100% of directly metered utilities and 60.14% of CAM utilities, including building insurance, landscaping/snow removal, permits, property tax, repairs, pest control, and water/sewer. Estimated CAM expenses range from approximately $50,000 to $65,000 per year. This property presents an ideal opportunity for an owner-operator, with potential tax savings and cash flow benefits. Favorable mortgage terms may be available for dentists and small business owners. Owner financing options are also available.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Advanced Dentistry of Centre ...
Dental Office
Brian Kwon
Dental Office
Brian Chan Wook ...
Dental Office
Dr. Kevin M. ...
Dental Office
Berger Marvin DDS
Dental Office
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.901216
- Latitude
- 40.785441
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-unit dental office building near Penn State University.
Where is this medical office space located?
The property is located at 2014 Sandy Dr State College, PA.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: Absolute NNN Lease with Advanced Dentistry of Centre County in place through 2029, providing stable income.; Potential for owner‑operator to occupy the vacant unit and eliminate rent expenses.; Significant estimated annual tax savings (+$75,000) and after‑tax cash flow (+$30,000) for owner‑operator.
