1550 Rodney Rd, York, PA 17408-9715
- Medical Office Space
- 10,000 SF
- 1.84 lot acres
Current Use by Public Records
- Shivali Dipam Patel Johnston, DO / Alternative Medicine Practice / Physician
- Partners In Family Health / Pediatrician / Medical Clinic
- Dr. Adelle G. Kurtz, MD / Pediatrician / Physician
- Anne Danielle T. Ford, CRNP / Pediatrician / Physician
- Snehal B Patel, MD / Pediatrician / Physician
Property Details for 1550 Rodney Rd
- Year built
- 1992
- Lot size
- 1.84 lot acres
- Zone code
- CM
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 51-000-30-0021.00-00000
- APU
- 510003000210000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 6, 2024 | $2,926,000 | Hayward Center LLC | York Md LLC | Deed | — |
| Nov 29, 2023 | $1,875,000 | York Md LLC | Pifh Properties LP | Deed | $1.4M · Ut Federal Credit Union |
| Aug 28, 2014 | $1,010,000 | Pifh Properties LP | Fulton York Venture LLC | Deed | — |
| — | — | Pifh Properties LP | — | Deed Of Trust · related | $679k · Private Individual |
Description
This exceptional investment opportunity presents a 10,000-square-foot medical office building in Shiloh, Pennsylvania, currently leased to UPMC Primary Care & Lab Services under a new 10-year triple-net (NNN) lease commencing December 31, 2024, and expiring December 30, 2034. The property boasts a strong 6.70% cap rate and a substantial $3,000,000 asking price, translating to $300 per square foot. The building, constructed in 1992 and extensively renovated in 2024, sits on a 1.84-acre lot at 1550 Rodney Road, York, PA 17408. The lease includes a favorable 2.5% annual rent increase, providing a hedge against inflation. UPMC, the largest hospital system in Pennsylvania, occupies the entire building (100% occupancy), offering exceptional tenant creditworthiness and stability. Significant capital improvements have been made, including over $777,000 in tenant improvements and landlord investments in the parking lot and a new TPO roof with a 20-year transferable warranty. The property benefits from its strategic location adjacent to the 104-bed UPMC Memorial Hospital, a 2019 construction with all private patient rooms. This presents a compelling investment opportunity with a long-term, secure lease and strong potential for future appreciation.
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Location Insight
- Map
- Local Demand
- City
- York
- County
- York
- State
- Pennsylvania
- Longitude
- -76.7637
- Latitude
- 39.9768
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
