Log In/Sign Up
Your email has been sent.
10 E Spruce St
Frackville, PA 17931
Lehigh Valley Health Network | Abs NNN · Office Property For Sale
Investment Highlights
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
- Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
Executive Summary
Broker of Record
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,700 SF
Building Class
B
Year Built
2000
Price
$3,374,196 CAD
Price Per SF
$387.84 CAD
Cap Rate
6%
NOI
$202,452 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,700 SF
Building FAR
0.38
Lot Size
0.52 AC
Zoning
C-3
Parking
43 Spaces (4.94 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $355,913 CAD | |
| Land Assessment | $34,008 CAD | Total Assessment | $389,921 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$34,008 CAD
Improvements Assessment
$355,913 CAD
Total Assessment
$389,921 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
