745 Raystown Rd Everett, PA 15537
- Retail properties
- 8,000 SF
- 2.68 lot acres
Current Use by Public Records
- Julia Garcia, MD / Doctor / General Practitioner
- Vanessa Orris, CRNP / Family Practice Physician
- UPMC Everett Primary Care Group / Family Practice Physician / Medical Group
- Jack H Geisel Funeral Home Inc / Funeral Home
Property Details for 745 Raystown Rd
- Year built
- 2008
- Lot size
- 2.68 lot acres
- Property size
- 8,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This 8,000 square foot medical office building in Everett, PA, offers a compelling investment opportunity. Located at 745 Raystown Rd, on a 2.68-acre lot, the property boasts high visibility and accessibility with over 3,800 vehicles passing daily. The building, completely renovated in 2023, is currently 100% occupied by UPMC under a net lease with a corporate guarantee from Community Medicine Inc., a UPMC subsidiary. The lease, with a remaining term of 9.2 years, expires January 31, 2034, and includes 10% rent bumps in year 6 and an option period. The asking price is $2,400,000, representing a price per square foot of $300 and a 7.24% cap rate based on a net operating income (NOI) of $173,873. Built in 2008, the property benefits from its proximity to major roadways including US Route 30, I-99, and the PA Turnpike (I-76), serving a regional patient base with average household incomes between $65,000 and $72,000. The substantial investment by UPMC in this state-of-the-art facility minimizes future maintenance concerns and ensures a stable, long-term income stream. The oversized lot provides potential for future redevelopment. This is a fee-simple ownership opportunity with minimal landlord responsibilities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Bedford
- State
- Pennsylvania
- Longitude
- -78.3637
- Latitude
- 40.045
