Property profile

171 Technology Dr Boalsburg, PA 16827

OFF-MARKET
Industrial properties
Property ID
US73-5024726
18.3 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, multi-tenant flex space totaling 16,892 square feet, situated at 171 Technology Drive in Boalsburg, Pennsylvania, 16827. The property, built in 1960 and boasting a Light Industrial zoning permit, comprises a single, two-story building with eight individual units, each currently leased. The asking price is $650,000, translating to $38.48 per square foot and $81,250 per unit. The property enjoys 100% occupancy with a gross lease structure. Eight tenants currently occupy the space, many with long-term leases extending to February 29, 2028. The building features an 8-foot ceiling height. Its strategic location at the Boalsburg interchange of US Route 22/US Route 322 ensures high visibility and accessibility, making it an ideal investment in the thriving central Pennsylvania market near State College. The property's parcel number is 25-013-,113-,0001-. This is a rare chance to acquire a stable, high-performing commercial property with significant long-term potential. No ground lease is in place.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 18.3 ac (797,148 SF)
APN 25-013-,113-,0000-
UPID US73-5024726

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Toner Cartridge Supplier
  • Plumbing Service General Contractor
  • Theater & Performing Art Venue
  • Engineering Consultant Electrical Engineer

Location

171 Technology Dr Boalsburg, PA 16827-1635
Boalsburg metro Census 11800 STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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