Listed by Exp Realty Bkny
$8,000,000
North Cameron Building
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 70,584
Units 172
Cap Rate 9.39%
NOI $751,000
Occupancy 74%
Tenancy Multi
Brand/Tenant Penn State Health, PA CareerLink
Lease Type Gross
Pro-Forma Cap Rate 13.75%
Pro-Forma NOI $1,100,000
Price per SqFt $128
Class B
Year Built 1916
Year Renovated 1990
Acreage 1.940
Zoning CO1 – Commercial Office
Investment Type Value Add
Sale Condition 1031 exchange
Potential 13.75% Cap | Current 9.40% In-Place Cap | Healthcare & Government-Anchored
Marketing description
Current NOI: $751,000 | Current Cap Rate: 9.40%
Potential NOI: $1,100,000 | Projected Cap Rate: 13.75% based on a $8M asking price
74% Leased | Value-Add Upside with 19,000+ SF Available | Healthcare & Government-Anchored
100 N Cameron Street is currently a 74% leased office investment in Harrisburg, PA, anchored by healthcare and government tenants.
With 19,000+ square feet of additional rentable space, the property offers a strong in-place return and potential to reach an 13.75% cap rate through lease-up.
Tenant Representation Approx. Share
Alder Health Services, Penn State Health, Crisis Recovery Network 50%
PA CareerLink, Center for Employment Opportunities 33%
MidPenn Legal Services 17%
Investment highlights
- 13.75% Potential Cap Rate | 9.40% Current In-Place Cap
- 74% Leased with meaningful lease-up upside
- 36% NOI growth opportunity through stabilization
- 5.3-year WALT with limited near-term lease rollover risk
- Stable tenancy mix anchored by healthcare and government users
Listing Contacts
Listed by Exp Realty Bkny
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$751,000.00
$62,583.33/mo
Valuation Metrics
0
DSCR
9.39%
Cap Rate
9.39%
ROI
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