100 % Leased Downtown Pottsville Office/Medical Building. Located one block from Mahantongo Street parking deck. Recent renovations to the interior are still like new. Currently leased is the approximate 4,400 on the main level with three (3) room bonus area on an upper floor of approximately 1,000 square feet. The ground level is approximately 4,400 square feet with a different Tenant. Both Tenants have Gross Leases. The Building is offered for sale at and approximate 7% CAP, $525,000.00. The initial five year term for the main floor Tenant started 12-1-2023, with options. The Tenant on the ground level floor has a 5 year lease that started July 1, 2023, with options. Both leases have annual 2% increases. Call for details.
"INVESTMENT PROPERTY FOR SALE." Fully leased office space in professional medical building. New 5 year lease beginning June 1, 2022, with annual 2% increases. Full time management company running the property and tenant space. Lots of windows with nice views. Approximately 5,700 square foot suite under lease on a five year term with an approximate blended five year monthly average rental rate of $6,600.00 . Rental rate includes CAM, interior cleaning, Condo fees and utilities. Tenant is responsible for phone, cable, internet, Tenant insurance naming Landlord as additional insured. Tenant also responsible for minor maintenance including but not limited to changing of light bulbs. The Rental Rate includes the 12.99% of the Condo Association Fees, utilities and Real Estate Taxes. Building owner responsible for the payment of the Condo Fees (currently $2,100.00) and Real Estate Taxes (Currently $8,349.00). This give your an approximate $33,549.00 offset against the blended rental rate of $79,200.00 giving you an approximate $45,651.00 without any holdback for Capital expenses give you over a 7.5% cap rate. 11 Exam Room/Private Office, one staff area, four H/P rest rooms, reception and waiting area. Call for details or private showing.
