Listed by U.S. Commercial Realty
$4,500,000
311 Harrisburg Avenue
Details
APN 339-13215-0-0000
Property Type Office
Sub Type Traditional Office, Commercial
Square Footage 18,495
NOI $297,052
Tenancy Single
Brand/Tenant The Exterior Company, LLC
Lease Type Absolute NNN
Lease Term 6
Lease Expiration 12/31/2028
Rent Bumps Yes
Lease Options Two (2) two year options at "fair market value", subject to six (6) months prior written notice.
Year Renovated 2020
Stories 1
Acreage 0.360
Zoning MU - Mixed Use
Parking Spaces 20 spaces
Parking per 1,000 SqFt 1.08
Investment Type Net Lease
Lease Commencement 06/21/2024
Retail | 18,495 SqFt
Marketing description
The Exterior Company, LLC is the Corporate Headquarters office for their regional (PA, CT, MD & NJ) business, which does comprehensive roofing, siding and gutter solutions for homes and businesses.
This office is the result of a major renovation/restoration of a former Lancaster County tobacco warehouse in 2020.
No expense was spared, including a private outdoor viewing deck into Penn Medicine Stadium.
This location is in the highly desirable northwest corridor of Lancaster City, in proximity to Franklin & Marshall College and Penn Medicine's Lancaster General Hospital.
Investment highlights
- The Exterior Company, LLC is the Corporate Headquarters office for their regional (PA, CT, MD & NJ) business, which does comprehensive roofing, siding and gutter solutions for homes and businesses.
- This office is the result of a major renovation/restoration of a former Lancaster County tobacco warehouse in 2020.
- No expense was spared, including a private outdoor viewing deck into Penn Medicine Stadium.
- This location is in the highly desirable northwest corridor of Lancaster City, in proximity to Franklin & Marshall College and Penn Medicine's Lancaster General Hospital.
Listing Contacts
Listed by U.S. Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,052.00
$24,754.33/mo
Valuation Metrics
0
DSCR
6.6%
Cap Rate
6.6%
ROI
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