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21011747
21011748

27 N Cameron St, Harrisburg, PA 17101

Landmark Commercial Realty
MC
PA RS300532
Landmark Commercial Realty
Listed by Landmark Commercial Realty
Unpriced
535 days on market
Updated 1 day ago

Community Corrections Center - Transitional Housing

Details
APN 09-005-006
Property Type Multifamily, Office
Sub Type Traditional Office
Square Footage 31,064
Units 1
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 15
Lease Expiration 04/30/2033
Remaining Term 6.9
Rent Bumps Yes
Lease Options Two 5-year options remain
Year Built 1967
Year Renovated 2018
Buildings 1
Stories 1
Acreage 1.250
Zoning Industrial
Investment Type Core
Lease Commencement 05/01/2018
Ground Lease No
Ownership Fee Simple

Multifamily | 0.00% CAP | 1 Unit

Investment highlights

  • The Offering consists of a 31,064 SF single tenant investment property in Harrisburg, PA

  • Fully occupied by Pennsylvania Department of Corrections as the Harrisburg Community Corrections Center

  • Transitional Housing operated directly by Commonwealth of PA

  • Tenant is state agency of Commonwealth of PA with 2024-2025 budget of $649,338,265 (4th largest)

  • Long term lease for mission critical location expires Q2 2033 with two additional 5 year options with high barrier for relocation

  • Excellent location along N Cameron Street (PA-230) just off of Market Street close to Harrisburg Central Business District includes Pennsylvania State Capitol Complex, UPMC Harrisburg Hospital Campus, Harrisburg University, and the new Sylvia H Rambo United States Federal Courthouse

Listing Contacts

Landmark Commercial Realty
MC
PA RS300532
Landmark Commercial Realty
Listed by Landmark Commercial Realty

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