Property profile

1750 5th Ave York, PA 17403

OFF-MARKET
Office buildings
Property ID
US73-1178364
43,024 SF 5.5 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 43,024 SF
Lot 5.5 ac (239,580 SF)
Zoning code CM
APN 48-000-11-0023.00-00000
UPID US73-1178364

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
  • Physician
  • Physician
  • Physician
  • Computer Hardware Manufacturer Automation Company

Location

1750 5th Ave York, PA 17403-2607
York metro Census 10300 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M

Owner & transaction history

since 2024
Last sale
$2.4M
7 recorded transactions
2024
Price N/A
2021
$2.4M
2021
Price N/A
2017
$16.8M
2012
Price N/A
2012
Price N/A
2012
$6.0M

Zoning & alternative use

CM · York, PA

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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