Listed by Friedman Real Estate
Unpriced
Auction Sale: Johnstown Plaza (Johnstown, PA)
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 116,542
NOI $600,000
Occupancy 88.89%
Tenancy Multi
Brand/Tenant Planet Fitness, Veterans Affairs Clinic
Year Built 1993
Year Renovated 2022
Acreage 12.770
Investment Type Value Add
Auction Sale: Johnstown Plaza (Johnstown, PA)
Investment highlights
- Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture Anchored Retail Property located in Johnstown, Pennsylvania
- Strong National and Credit Tenancy with Planet Fitness and Veterans Affairs Clinic providing durable demand drives alongside long-term regional furniture operator Park Home Furniture
- ±117,000 SF Multi-Tenant Retail Asset with approximately 104,000 SF occupied and ±13,000 Sf available, providing immediate upside through lease-up of the remaining vacancy
- Stable In-Place Cash Flow with more than $600,000 of total in-place net operating income
- Diverse Tenant Mix featuring fitness, healthcare, and furniture uses that serve different customer segments and help reduce reliance on any single retail category
- Adjacent to The Johnstown Galleria Retail Node with nearby traffic drivers including Boscov's, Home Depot, Lowe's, Primanti Bros., restaurants, hotels, and other commercial users
- Highly Accessible Regional Retail Location positioned neat the interchange of U.S. Route 219 and PA Route 56, proving convenient access from Johnstown and the surrounding regional trade area
Listing Contacts
Listed by Friedman Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$600,000.00
$50,000.00/mo
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
