Fully leased Medical office investment property featuring a 5,068-square-foot building on 0.76 acres in South Middleton Township . The building is demised into (2) medical office suites. The all-brick building is in great condition with updated interior finishes and functional medical office layouts. The main suite containing 3,088 SF is leased by UPMC Aesthetic Surgery through February 2028 with (2) three-year renewal options and annual rent escalations. There is a 1,750-square-foot suite leased to Partners in Women’s Health, P.C. through December 2026 with annual rent escalations (no renewal options; tenant since 2003). HVAC is provided by electric heat pumps. NOI projected at $69,241.
The site is located at the signalized corner of Brookwood Avenue and Walnut Bottom Road within the Brookwood Office Park. This commercial location along a growing corridor provides easy access to Interstate 81, the UPMC Carlisle Hospital, and Downtown Carlisle amenities. The site is across from the Stonehedge Square Shopping Center anchored by Giant Foods. Access to the site is from Brookwood Avenue, and the property benefits from frontage and exposure along Walnut Bottom Road (AADT 6,100). There are 25 surfaced parking spaces. Site amenities include electronic business signage, (2) storage sheds in the rear, and a double-sided Lamar billboard leased at $314.85 per month.
The income description goes here to explain
List Price | $1,100,000 |
Property Type | Office |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 1986 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 40230604018 |
MLS # | PACB2027834 |
Property ID | 320195997 |
Lot Sqft | Unknown |
Zoning | TOWN CENTER |
Total Units | 2 |
Days on Market | 325 |
Original List Price | Unknown |
Date Updated | September 17, 2024 |
Date Created | February 04, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $114,682 | $0 |
Net Income (Yr) | $ 69,241 |
Cap Rate | 6.30% |
ANDREW WOLFE an agent of Wolfe & Company REALTORS. Lic #RS320040
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT