Contacts
PPM Real Estate
PPM Real Estate
PPM Real Estate
Property Details
- Property Type Office
- Property Size 15,277 SF
- Lot Size 3.2 Acre
- Cap Rate % 6.2
- NOI / YR $202,597.68
- Additional Rent Contact for pricing
- Parking Spaces Avail. 192
- Parking Ratio 12.57 / 1,000 SF
- Year Built 1994
- Date Updated Dec 17, 2024
Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option.
Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights.
Tenant pays real estate taxes (2024 $33,205.72), property insurance (2024 $5,842.00), all utilities, snow removal, landscaping, HVAC PMs and routine building maintenance nottoexceed $2,000/lease year. Lease with River Rock Academy expires 6/30/30 + 5 yr option.
Tenant has (1) 5-Year Option
Base Rent $14.15 PSF (as of 7/1/24)
NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
64/100
Walk Score ®
-
43/100
Bike Score ®
Location
- City Lancaster, PA
- Zip Code 17603
- Market Harrisburg
Points of Interest
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Lancaster
2.91 miles
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Turkey Hill
0.25 miles
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Sheetz
1.62 miles
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BJ's Gas
1.64 miles
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Giant to go
1.88 miles
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Sunoco
2.06 miles
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Tesla Supercharger
5.62 miles
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Noel S Dorwart Park Parking
0.89 miles
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Student Parking
2.06 miles
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Faculty, Staff and Vistor Parking
2.22 miles
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Cokesbury and Resident Parking
2.25 miles
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Richards Hall Parking
2.28 miles
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Admission Parking
2.28 miles
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Prince Street Parking Garage
2.81 miles
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Hagers
2.83 miles
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Red Rose Transit Authority Parking Garage
2.90 miles
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Lancaster Amish Country Travelodge
0.20 miles
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Candlewood Suites Lancaster West
1.58 miles
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Residence Inn
1.66 miles
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Days Inn & Suites by Wyndham Lancaster Amish Country
1.80 miles
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Americas Best Value Inn
1.82 miles
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Heritage Hotel
2.18 miles
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The Manor View Inn
2.28 miles
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Lancaster Arts Hotel
2.56 miles
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Hilton Garden Inn Lancaster
2.75 miles
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Hilton Garden Inn
2.76 miles
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Lidl
0.20 miles
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Stauffers of Kissel Hill
0.24 miles
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ALDI
0.29 miles
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Asian Mini Mart (Nepali/Indian Grocery Store)
0.39 miles
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Everest Indian Grocery Store
0.77 miles
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Giant
1.14 miles
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Stone Mill Shopping Center
1.14 miles
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Shops at Prospect
1.36 miles
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Grocery Outlet
1.38 miles
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Western Corners Shopping Center
1.49 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
