449 Mccormick Rd
Retail | 7.00% CAP | 15,680 SqFt
Marketing description
SVN | Three Rivers Commercial Advisors is pleased to present for sale 449 McCormick Rd. This single tenant 15,680 SF building is leased to the Pennsylvania State Police, with approximately 2 years remaining on the lease, and the tenant holds two (2) five-year renewal options. Ideal Investment opportunity: Government leased property. The facility has been used as a state police barracks for 20 years.
The property features 14 offices, a lobby, several restrooms, men's and women's locker rooms, a classroom, fitness room, storage room and a garage among several other spaces. New roof (2024) and HVAC (2025). Tenant pays electric, gas, janitorial, snow removal, and landscaping.
Investment highlights
100% Occupied - Government Leased Offering
Property has been Police Barracks for 20 years
Great Passive Cashflow opportunity
New roof (2024) and HVAC (2025)
Parking lot repaved in 2020 for $76k
(2) five-year renewal options
ADDITIONAL RENT: An annual adjustment not to exceed five percent to cover increases or decreases in the costs of real estate taxes,
utilities, water, sewer, trash removal, insurance, and janitorial services. The adjustment is determined by applying the annual CPI-U, NE cities index to the agreed upon estimate of the total of these costs.
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