Listed by U.S. Commercial Realty
$2,700,000
349 North Market Street
Details
APN 339-31146-0-0000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,400
Units 6
Beds 23
Cap Rate 6.50%
NOI $177,539
Tenancy Single
Brand/Tenant Pennsylvania College of Art & Design
Lease Type Gross
Lease Term 10
Lease Expiration 07/31/2028
Rent Bumps Yes
Lease Options Three (3) 5-Year Options
Stories 3
Acreage 0.070
Zoning CB1 - Central Business Core
Investment Type Net Lease
Lease Commencement 08/01/2018
Multifamily | 6.50% CAP | 6 Units
Marketing description
The Lofts at Market Property is located in downtown Lancaster city, in close proximity to many restaurants and amenities. Building currently leased to Pennsylvania College of Art & Design.
Investment highlights
- The Lofts at Market
- Property is located in downtown Lancaster city, in close proximity to many restaurants and amenities.
- Building currently leased to Pennsylvania College of Art & Design.
- Six (6) Apartments with 23 Beds
Listing Contacts
Listed by U.S. Commercial Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,539.00
$14,794.92/mo
Valuation Metrics
0
DSCR
6.58%
Cap Rate
6.58%
ROI
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Property History
Tax History
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