1750 5th Ave York, PA 17403-2607
- Office buildings
- 43,024 SF
- 5.50 lot acres
Current Use by Public Records
- Orthopaedic & Spine Specialists: Song Suzette J MD / Doctor
- Jamison John D / Orthopedic Surgeon / Professional Services
- Majid Kamran MD / Doctor
- Klein Michael A MD / Doctor
- Red Lion Controls / Computer Hardware Manufacturer / Automation Company
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,105,000
- 6.5%
- $2,260,000
- 7%
- $2,450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,440,000
- Geo Method
- $2,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,365,000
- Retail
- $2,465,000
- Mixed-Use
- $2,025,000
- Hospitality
- $2,080,000
- Educational
- $2,345,000
- Residential Income
- $1,995,000
- Energy
- $2,520,000
- Income-Based Land
- $2,245,000
- Food Service
- $2,400,000
Location Insight
- Map
- Local Demand
- City
- York
- County
- York
- State
- Pennsylvania
- Longitude
- -76.6907
- Latitude
- 39.9663
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
