625-627 Spring St Reading, PA 19610
- Office Properties & Spaces
- 26,860 SF
- 3.15 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 625-627 Spring St
- Year built
- 1975
- Lot size
- 3.15 lot acres
- Property size
- 26,860 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 26,860-square-foot commercial property situated on a 3.15-acre lot at 625-627 Spring Street in Reading, Pennsylvania. The property comprises a substantial 22,060-square-foot office/medical space and an attached 4,800-square-foot warehouse. This well-established property boasts a strong tenant base, with KPS and FMC occupying their respective suites since August 1996. Both tenants recently extended their leases, demonstrating a long-term commitment to the location and highlighting the property's desirability. The nature of Fresenius Medical Care's business provides a degree of recession-resistance, offering investors a stable and reliable income stream. The property is being offered as a leaseback sale, providing a seamless transition for the current owner and a secure investment for the new owner. The location in Reading, PA offers excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing property with established, long-term tenants in a desirable location. The asking price is $3,990,000. Detailed financial information and lease agreements are available upon request.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reading
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.9632
- Latitude
- 40.3469
