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100 Community Dr - Single Tenant Leased Medical Condo 6,067 SF Medical Condo Unit Offered at $2,169,958 CAD in Tobyhanna, PA 18466
Investment Highlights
- Modified NNN Lease
- Annual Rent Increases
- Minimal, Fixed Landlord Expenses
- Renewal Options
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 03.93573.U101 |
| Cap Rate | 8.11% |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| APN/Parcel ID | 03.93573.U101 |
Description
8.1 CAP - $127,000+ NET Annual Income - Current lease term through August 2028 with additional options and annual escalations. Tenant is Jefferson-LVHN, among the top 15 not-for-profit health systems in the United States. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. Mountain Healthcare Center is a well-maintained 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional Jefferson/LVHN offices, dialysis, orthopedics and Pocono Eye.
Sale Notes
Modified NNN Lease
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 6,067 SF | Medical | $2,169,958 CAD ($357.67 CAD/SF) | $175,890.00 CAD |
Unit 101
| Unit Size |
| 6,067 SF |
| Condo Use |
| Medical |
| Price |
| $2,169,958 CAD ($357.67 CAD/SF) |
| NOI |
| $175,890.00 CAD |
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Unit 101
| Unit Size | 6,067 SF |
| Condo Use | Medical |
| Price | $2,169,958 CAD ($357.67 CAD/SF) |
| NOI | $175,890.00 CAD |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| APN/Parcel ID | 03.93573.U101 |
| Description | |
| 8.1 CAP - $127,000+ NET Annual Income - Current lease term through August 2028 with additional options and annual escalations. Tenant is Jefferson-LVHN, among the top 15 not-for-profit health systems in the United States. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. Mountain Healthcare Center is a well-maintained 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional Jefferson/LVHN offices, dialysis, orthopedics and Pocono Eye. | |
| Sale Notes | |
| Modified NNN Lease |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 55,536 SF | Typical Floor Size | 27,000 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 7.01 AC |
| Building Class | B | Parking Ratio | 5.76/1,000 SF |
| Floors | 2 | ||
| Zoning | Commercial | ||
| Total Building Size | 55,536 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 27,000 SF |
| Year Built | 2007 |
| Lot Size | 7.01 AC |
| Parking Ratio | 5.76/1,000 SF |
| Zoning | Commercial |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Jefferson Health Lehigh Valley |
6,067 SF
|
August 2028
|
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100 Community Dr - Single Tenant Leased Medical Condo
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