1750 5th Ave York, PA 17403-2607

Property Details for 1750 5th Ave

Year built

1988

Lot size

5.50 lot acres

Property size

43,024 SF

Zone code

CM

Property type

Office buildings

APN

48-000-11-0023.00-00000

APU

480001100230000000

Description

This exceptional investment opportunity presents a 43,024 square foot office building in York, Pennsylvania, currently 100% occupied by HMS Networks AB, a financially robust international Industrial ICT company listed on the Nasdaq Nordic Stock Exchange. The property, built in 1988 and renovated in 2023, sits on a 5.5-acre lot at 1750 5th Avenue, York, PA 17403. The asking price is $7,692,307, representing a compelling $178.79 per square foot and a 6.50% cap rate based on a $500,000 NOI. The sale-leaseback structure features an absolute triple-net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease agreement includes a 10-year initial term with two 5-year renewal options, providing long-term stability and predictable income. Annual rent bumps of 2% offer protection against inflation and consistent NOI growth. HMS Networks AB, with 1200 employees and €267 million in 2023 sales, demonstrates a strong commitment to operational excellence and continued growth, further enhancing the investment's value. This is a rare opportunity to acquire a high-quality, income-producing asset with a secure, long-term tenant in a desirable location.

Location Insight

City

York

County

York

State

Pennsylvania

Longitude

-76.6907

Latitude

39.9663

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments