4200 Crums Ml Rd Harrisburg, PA 17112-2899
- Office Properties & Spaces
- 26,024 SF
- 3.89 lot acres
Jun 03, 2024
Current Use by Public Records
- GrandView Asset Management / Stock Broker / Financial Consultant
- CDMS / Computer Software Store
- Senior Financial Services / Financial Planner
- Aflac / Insurance Agency
- Martin Owens Group / Media Consultant / Public Relations Firm
Property Details for 4200 Crums Ml Rd
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 3.89 lot acres
- Property size
- 26,024 SF
- Property type
- Office Properties & Spaces
- APN
- 35-039-028
- APU
- 35039028
Description
This exceptional Class A office building, located at 4200 Crums Mill Rd, Harrisburg, PA 17112, presents a unique owner/user or investment opportunity. The 34,000 square foot, three-story building boasts a desirable location in Lower Paxton Township, featuring beautiful glass windows and an elevator. Currently housing four tenants, the property offers a multi-tenant configuration with a gross lease structure and credit-rated tenants. The asking price is $4,500,000 ($132.35/sq ft). A significant portion of the building is available for immediate occupancy. The ground level (13,500 sq ft), recently renovated in 2019, features an open floor plan, twelve private perimeter offices, and in-suite bathrooms. This space can be made available with 30 days' notice. Additionally, a 6,100 sq ft unfinished garden level suite, previously a childcare facility, is also available. The second floor, with Class A finishes, has a tenant with a lease extending through 2026, including a 1-5 year option. The property sits on a 3.89-acre lot and includes 155 parking spaces. Built in 1997 and renovated in 2019, this property is zoned for Business Campus use (APN: 35-039-28). The anticipated occupancy date for available spaces is March 11, 2024. This is a rare opportunity to acquire a well-maintained, high-quality office building in a prime Harrisburg location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,700,000
- ML approach
- $3,700,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,945,000
- 6.5%
- $5,490,000
- 7%
- $5,095,000
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Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8267
- Latitude
- 40.3089
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA