Contacts
Corinn Kirchner
PPM Real Estate
Tracy L. Horst
PPM Real Estate
Alexandra Ebert
PPM Real Estate
Property Details
- Property Type Office
- Property Size 15,277 SF
- Lot Size 3.2 Acre
- Cap Rate % 6.2
- NOI / YR 202597.68
- Additional Rent Contact for pricing
- Parking Spaces Avail. 192
- Parking Ratio 12.57 / 1,000 SF
- Year Built 1994
- Date Updated Nov 18, 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.
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Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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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
In-Depth Research Available for this Property
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