Current Use by Public Records
- Office Spaces
Property Details for 100 Community Dr. Ste
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A, 6,067 square foot medical office condo in Tobyhanna, PA, presents a compelling investment opportunity. Located at 100 Community Dr., Ste #101, this single-tenant property boasts a 100% occupancy rate with a strong, established tenant: Lehigh Valley Health Network - Pocono, operating as an imaging center. The current lease, initiated September 1, 2022, has a remaining term of approximately 0.8 years and includes two lease options, with a 2.0% annual rent bump. The property features a Net Net Net (NNN) lease structure, generating a substantial Net Operating Income (NOI) of $117,635 and a 7.50% capitalization rate. The asking price is $1,568,467, translating to $258.52 per square foot. Situated within the 55,000 square foot Mountain Healthcare Center, this first-floor suite is the largest single unit in the building, enjoying convenient access near the main entrance. Recent upgrades, completed in 2020 and 2021, include interior space and equipment enhancements, parking lot resurfacing, and exterior building painting, showcasing the tenant's commitment and the building's well-maintained condition. The building houses a diverse range of medical tenants, including additional LVHN offices, dialysis, orthopedics, and Pocono Eye, creating a thriving medical environment. This property offers a secure, high-yield investment with significant upside potential.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tobyhanna
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.3722
- Latitude
- 41.1472
