Listed by RE/MAX Of Reading
$3,990,000
625 Spring Street
Details
Property Type Office
Sub Type Medical Office
Square Footage 26,860
Units 2
Cap Rate 8.00%
Occupancy 100%
Lease Type NNN
Broker Co-Op Yes
Year Built 1975
Year Renovated 1996
Buildings 2
Stories 2
Acreage 3.140
Zoning C-2
Investment Type Sale/Leaseback
Office | 8.00% CAP | 26,860 SF
Marketing description
Remax Commercial is pleased to present an investment property located at 625-627 Spring Street, Wyomissing, Pennsylvania. This property includes a 22,060 square foot office/medical space and an attached 4,800 SF warehouse on 3.14 acres of land in the Borough of Wyomissing. KPS and FMC have occupied their suites since August of 1996. Recently, both Tenants have extended their leases which shows a strong commitment to the building, and the area for the last 28 + years. The treatment that Fresenius Medical Care provides would be considered an essential need, and both Tenants have a recession-proof business. The current owner would like to sell the property as a leaseback sale.
Listing Contacts
Listed by RE/MAX Of Reading
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