Current Use by Public Records
- Office Spaces
Property Details for 11 Industrial Park Rd
- Year built
- 2007
- Lot size
- 1.50 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
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.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairdale
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -79.9976
- Latitude
- 39.8663
