1550 Rodney Rd York, PA 17408-9715
- Medical offices
- 10,000 SF
- 1.84 lot acres
Current Use by Public Records
- Shivali Dipam Patel Johnston, DO / Family Practice Physician / Osteopath
- Partners In Family Health / Pediatrician
- Dr. Adelle G. Kurtz, MD / Family Practice Physician
- Anne Danielle T. Ford, CRNP / Family Practice Physician
- Snehal B Patel, MD / Family Practice Physician / General Practitioner
Property Details for 1550 Rodney Rd
- Year built
- 1992
- Lot size
- 1.84 lot acres
- Property size
- 10,000 SF
- Zone code
- CM
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 51-000-30-0021.00-00000
- APU
- 510003000210000000
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,120,000
- 6.5%
- $1,880,000
- 7%
- $2,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,120,000
- Geo Method
- $2,010,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,960,000
- Retail
- $2,160,000
- Mixed-Use
- $1,695,000
- Hospitality
- $1,920,000
- Educational
- $1,695,000
- Residential Income
- $2,225,000
- Energy
- $2,315,000
- Income-Based Land
- $2,225,000
- Food Service
- $1,810,000
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
