125 Smithfield Ln East Stroudsburg, PA 18301
- Retail properties
- 40,000 SF
- 8.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 125 Smithfield Ln
- Year built
- 2023
- Lot size
- 8.07 lot acres
- Property size
- 40,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 40,000 square foot, two-story medical office building, constructed in 2023, presents a compelling investment opportunity. Located in East Stroudsburg, Pennsylvania, within the 120-acre Smithfield Gateway mixed-use development, this fully leased facility boasts a 6.51% cap rate and a substantial $840,000 NOI. The property is 100% occupied by St. Luke's University Health Network, a Moody's A3 rated tenant, under a lease with approximately 13.5 years remaining, including two five-year renewal options. St. Luke's invested over $3 million in the buildout, which houses over 30 doctors and nurse practitioners across 10+ medical specialties, including primary care, pediatrics, imaging, OB/GYN, and more. The building features 200 parking spaces (5 per 1,000 square feet) and sits on an 8.07-acre lot zoned C1. Its strategic location offers easy access to major roadways, including I-80, and proximity to other healthcare facilities, such as Lehigh Valley Hospital – Pocono and St. Luke's Hospital – Monroe Campus. The Smithfield Gateway development's future phases will include significant residential and retail components, further enhancing the property's value. The average household income within a one-mile radius exceeds $113,000, underscoring the strong market demand. A new loop road connecting Route 209 and Route 447 is under construction, improving accessibility within the development. The asking price is $12,900,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Stroudsburg
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.1467
- Latitude
- 41.0037
