

2014 Sandy Drive
Medical office space fully ready for tenants
Marketing description
•2014 Sandy is a two-unit dental office located west of Penn State University in the Science Park Commercial District
•Class A Medical Building; with both units configured as Dental
•1 Unit occupied by Advanced Dentistry of Centre county, 1 Unit Currently Vacant (as of 1/31/2024) – Vacant unit was leased previously by Advanced Dentistry
•Two separate entrances with parking for approximately 50 cars
•Both AC units replaced in 2023 and 2024. Main unit converted to energy efficient heat pump.
•Advanced Dentistry on an Absolute NNN Lease
•$9893 Direct rent + $3444.23 Additional rent (for Cam Expenses; True up at YE); Leased through 2029
•100% of directly metered utilities
•60.14% of CAM utilities shared across the two spaces specifically: Building Insurance, Landscaping/Snow, Permits, Property Tax, Repairs, Pest, Water/Sewer
•Estimated 199% Cam is approximately $50,000- $65,000 per year
•Ideal opportunity for Owner Operator
•Why pay a landlord $22/sqft + Utilities when you potentially have 100% of your building expenses and a new mortgage paid for by other tenants and income tax savings?
•Estimated +$75,000 Annual tax savings and $30,000 after tax cash flow improving all while paying no rent (assuming 37% income bracket
•Medical professionals and businesses receive superior financing terms
•Favorable mortgage terms for Dentists and Small business Owners further enhance cash flow
•Owner financing options also available
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