Listed by Passov Real Estate Group
$4,420,000
Veterans Affairs Outpatient Center in Meadville, PA
Details
Property Type Office
Sub Type Medical Office
Square Footage 14,004
Net Rentable (SqFt) 14,004
Cap Rate 8.25%
NOI $373,979
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 10
Lease Expiration 04/30/2034
Rent Bumps Yes
Price per SqFt $316
Year Built 2024
Buildings 1
Acreage 2.500
Investment Type Institutional
Tenant Credit Credit Rated
Lease Commencement 05/01/2024
Office | 8.25% CAP | 14,004 SqFt
Marketing description
Meadville, Pennsylvania, located in the heart of Crawford County, is a charming and strategically positioned city with growing potential for commercial real estate investment. With convenient access to major highways like I-79 and U.S. Route 322, Meadville offers strong regional connectivity for businesses. The local economy is supported by manufacturing, healthcare, education, and small businesses, creating steady demand for retail, office, and industrial space. Downtown revitalization efforts and affordable property options make it an appealing choice for developers and investors. Meadville's historic character, skilled workforce, and supportive business environment position it well for long-term commercial growth.
Investment highlights
- Lease Commencement Date: May 1, 2024
- Lease Term: Ten (10) Years Firm; Ten (10) Years Soft
- Building Square Feet: 14,004 SF
- Acreage: 2.5 AC
- Veterans Affairs Contribution to Interior Tenant Improvements: $2,553,024
- Rental Increases: $150/SF every five (5) years
Listing Contacts
Listed by Passov Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$373,979.00
$31,164.92/mo
Valuation Metrics
0
DSCR
8.46%
Cap Rate
8.46%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
