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33327678
33327672

100 Prushnok Drive, Punxsutawney, PA 15767

MP
PA RS360622
Howard Hanna
Listed by Howard Hanna
$1,424,999
0 days on market
Updated 0 days ago

100 Prushnok Drive

Details
Property Type Office
Sub Type Traditional Office
Square Footage 11,200
Net Rentable (SqFt) 11,200
Units 50
Cap Rate 7.09%
NOI $100,994
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 30.4
Lease Expiration 06/30/2029
Remaining Term 3.1
Rent Bumps Yes
Class B
Year Built 1997
Buildings 1
Acreage 2.330
Zoning H-C
Parking Spaces spaces
Investment Type Stabilized
Tenant Credit No Credit Rating
Lease Commencement 02/01/1999

Commonwealth of Pennsylvania Occupied Investment | Government Tenant Since 1998 | Lease Through 2029

Marketing description

Rare opportunity to acquire a government-occupied investment property leased to a Commonwealth of Pennsylvania Department of Human Services office serving Jefferson County and the surrounding region. This mission-critical facility has maintained continuous government occupancy since 1998, demonstrating exceptional operational stability and a proven history of long-term tenant commitment.

The property is currently leased through June 2029 and benefits from nearly three decades of uninterrupted occupancy by the Commonwealth. As an essential public assistance and social services location, the facility provides critical services to area residents and remains an important component of the state's regional service network. Further reinforcing the strategic importance of the location, staffing levels at the subject property were expanded in 2025, reflecting continued investment and utilization by the tenant.

The asset offers investors the security and predictability associated with an established government tenancy combined with stable operating performance. The property generated an approximate average of $102,000 NOI over previous 5 years.

Government-leased assets of this nature rarely become available in Western Pennsylvania, creating a unique opportunity to acquire a defensive, recession-resistant investment backed by a highly durable tenant profile. With a demonstrated history of lease renewals, long-term occupancy, and an essential public service function, this offering presents investors with a compelling combination of income stability, institutional tenancy, and long-term investment potential.

Financial statements, lease documentation, and additional due diligence materials are available to qualified purchasers upon request.

Investment highlights

Commonwealth of Pennsylvania Government-Leased Asset – Long-term occupancy by a Pennsylvania Department of Human Services/Welfare & Assistance office serving the surrounding regional population.

Institutional Tenant Since 1998 – Continuous government occupancy for nearly 30 years with a proven history of lease renewals and uninterrupted operations.

Lease Secured Through June 2029 – Provides investors with predictable cash flow supported by an established government tenancy.

Mission-Critical Service Location – Essential public assistance office delivering vital government services throughout the region, supporting long-term operational necessity.

Tenant Expansion in 2025 – Recent staffing growth at the subject property demonstrates continued commitment and importance within the Commonwealth's service network.

Stable Income Stream – Consistent operating performance with previous 5 years averaging $102,000 annual NOI and a demonstrated history of stable occupancy and collections.

Defensive Investment Profile – Government-leased real estate offers recession-resistant characteristics and reduced tenant credit risk compared to traditional commercial assets.

Rare Western Pennsylvania Offering – Government-occupied investment properties seldom trade, creating a unique opportunity to acquire a highly sought-after asset class.

Attractive Yield Opportunity – Potential for stronger returns relative to many traditional net-leased investment alternatives while maintaining institutional tenant stability.

Investment Summary: Rare opportunity to acquire a stabilized government-leased investment property backed by nearly three decades of continuous Commonwealth occupancy. With lease security through 2029, recent tenant expansion, and a long history of operational stability, the asset offers dependable income and long-term investment appeal in a highly limited supply sector.

Listing Contacts

MP
PA RS360622
Howard Hanna
Listed by Howard Hanna

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,994.00
$8,416.17/mo

Valuation Metrics

0
DSCR
7.09%
Cap Rate
7.09%
ROI

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Additional Information

Name
Doug Lockard
License
RB065155
Brokerage
Howard Hanna Kuzneski & Lockard Real Estate
Title
Broker of Record
Brokerage Address
101 Heritage Run Rd, Ste 3, Indiana, PA 15701
Name
Mike Prushnok
License
RS360622
Brokerage
Howard Hanna Kuzneski & Lockard Real Estate
Brokerage Phone
7243491924
Title
Real Estate Broker
Brokerage Address
101 Heritage Run Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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