Leased Medical Office Investment
206 SCHUYLKILL MEDICAL PLAZA SUITE 206 Pottsville, PA 17901
206 SCHUYLKILL MEDICAL PLAZA SUITE 206, Pottsville, PA, 17901
$495,000
For Sale
$495,000
Fully leased medical office space with long-term tenant.
Property Size5,700 SF
Price / SF$86.84
Days on Market1926
Property Features for 206 SCHUYLKILL MEDICAL PLAZA SUITE 206
General Information
- Standard status
- Active
- Size
- 5,700 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2002
Listing Agency
BHHS Homesale Realty - Schuylkill Haven
(570) 617-1362
Listed by
Eric R Seitzinger · License #RS276999
(570) 617-1362
Source
Exitrealty
Added: Apr 8, 2021 Checked: Jul 16 at 6:22 am
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 BHHS Homesale Realty - Schuylkill Haven
Investment Insights
Based on property information with market context.
This investment property features a fully leased office space within a professional medical building. The approximately 5,700 square foot suite is under lease with a new five-year term that began June 1, 2022, and includes annual 2% increases. A full-time management company oversees the property and tenant space. The suite features abundant windows offering pleasant views. The approximate blended five-year monthly average rental rate is $6,600.00, which includes CAM, interior cleaning, condo fees, and utilities. The tenant is responsible for phone, cable, internet, tenant insurance naming the landlord as an additional insured, and minor maintenance such as changing light bulbs. The rental rate incorporates 12.99% of the Condo Association Fees, utilities, and real estate taxes. The building owner is responsible for the payment of condo fees (currently $2,100.00) and real estate taxes (currently $8,349.00), resulting in an approximate $33,549.00 offset against the blended rental rate of $79,200.00, yielding an approximate $45,651.00 without any holdback for capital expenses, giving you over a 7.5% cap rate. The suite includes 11 exam rooms/private offices, one staff area, four H/P restrooms, a reception area, and a waiting area.
Key Highlights
- Fully leased office space with a new 5‑year lease providing immediate income.
- Attractive 7.5% cap rate, indicating a strong return on investment.
- Professional management company handles property and tenant affairs.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Fully leased medical office space with long-term tenant.
Where is this medical office space located?
The property is located at 206 SCHUYLKILL MEDICAL PLAZA SUITE 206 Pottsville, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully leased office space with a new 5‑year lease providing immediate income.; Attractive 7.5% cap rate, indicating a strong return on investment.; Professional management company handles property and tenant affairs.
