State Leased Investment - 2 Property Portfolio
Office | 8.55% CAP | 38,168 SqFt
Marketing description
New Reduced Price! 8000–8002 Bretz Drive consists of two fully leased, mission-critical single-tenant facilities situated on a combined 6.17-acre parcel and purpose-built for long-term governmental use. Constructed as build-to-suit improvements for the Pennsylvania State Police (Moody’s: Aa2), the properties serve as the Troop H Headquarters and a Municipal Police Training Facility, with both buildings recently executing lease extensions that reinforce long-term tenancy stability. Strategically positioned just off the intersection of Allentown Boulevard (US-22) and Hershey Road (PA-39), the site provides efficient regional connectivity throughout Troop H’s coverage area — Perry, Cumberland, Dauphin, Adams, and Franklin Counties — and benefits from proximity to the Pennsylvania State Police Academy in Hershey. As a state agency of the Commonwealth of Pennsylvania with a 2025–2026 annual budget exceeding $1.75 billion, ranking as the state’s third-largest funded department, the tenancy offers strong, credit-backed income.
Investment highlights
Two-Building Government Campus
- Two (2) single-tenant, build-to-suit facilities totaling 38,168 SF on a large 6.17-acre site
- 100% leased to a single Commonwealth agency for headquarters & training operations
Mission-Critical Improvements with Long-Term Tenure
- Purpose-built for Troop H regional command and municipal police training functions
- Continuous occupancy since November 1998, demonstrating long-term operational commitment
Extended Term with Renewal Options
- Current lease expires February 2030, with two (2) five-year renewal options remaining
- Recently executed lease extensions reinforce tenancy stability
Modified Gross Structure Minimizing Owner Exposure
- Tenant responsible for real estate taxes, property insurance, maintenance, and HVAC costs
- Predictable income stream with reduced operating expense volatility
Credit-Backed Tenancy
- Tenant is the Pennsylvania State Police, an agency of the Commonwealth of PA
- 2025–2026 annual budget of approx. $1.75 billion, ranking as the state’s 3rd-largest funded department
- Moody’s credit rating: Aa2
Regional Accessibility & Operational Positioning
- Located just off Allentown Boulevard (US-22) and Hershey Road (PA-39), providing efficient access throughout Troop H’s coverage area (Perry, Cumberland, Dauphin, Adams, and Franklin Counties)
- Proximity to the Pennsylvania State Police Academy in Hershey further reinforces the property’s strategic importance within the state policing network
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