- For Sale $9,193,310
- Property Type Office
- Property Size 58,012 SF
- Lot Size 0.03 Acre
- Year Built 1929
- Date Updated Jan 23, 2025
Description
• Tenant Reimburses All Expenses – Tenant is in charge of all day-to-day expenses and reimbursements for any overages in January during the next calendar year.
• Annual Rent Increases – With 2.75% rent increases each year, this is the only tenant besides police, ambulance, and fire that receives annual rent increases.
• Below Market Rent – The current rent is $15.35/SF, with the current local market rent being at $18.45/SF according to Costar.
• Tenant Commitment – Tenant expanded into the first floor in 2020, showing commitment to the site. Please see additional photos showing other amenities such as courtrooms, observation rooms, storage areas, etc. that would also be costly to move.
• High Average Household Income – The average household income in a 10-mile radius is $100,302 and has a population exceeding 98,500 people in just a 3-mile radius.
• Credit Rating – Dauphin County boasts an AA credit rating according to S&P, leaving no fear of default by the tenant.
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Contacts
Matthews Real Estate Investment Services
Matthews Real Estate Investment Services