206 Schuylkill Medical Plz Pottsville, PA 17901

This exceptional investment opportunity presents a fully leased 5,700 square foot medical office suite located at 206 Schuylkill Medical Plaza, Suite 206, Pottsville, PA 17901. Built in 2002, this property boasts a prime location and enjoys abundant natural light from numerous windows offering pleasant views. The current tenant is under a new five-year lease commencing June 1, 2022, with a built-in 2% annual rent increase. The suite comprises eleven exam rooms/private offices, a staff area, four half-bathrooms, a reception area, and a waiting area. The monthly rental rate averages approximately $6,600 over the five-year lease term, inclusive of CAM charges, interior cleaning, condo fees, and utilities. Tenant responsibilities include phone, cable, internet, tenant insurance (naming the landlord as additionally insured), and minor maintenance (e.g., light bulb replacement). The rental rate incorporates 12.99% of condo association fees, utilities, and real estate taxes. The building owner is responsible for the condo fees (currently $2,100.00) and real estate taxes (currently $8,349.00). This results in an approximate $33,549.00 offset against the blended annual rental rate of $79,200.00, yielding an approximate net income of $45,651.00 before capital expenses, translating to a cap rate exceeding 7.5%. This is a turnkey investment with a professional management company overseeing the property and tenant space. The asking price for this exceptional property is $595,000.