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Heritage River View 132-142 S 3rd St 45,644 SF 100% Leased Office Building Easton, PA 18042 $14,238,205 CAD ($311.94 CAD/SF) 7.34% Cap Rate
Investment Highlights
- Historic Community Asset: Formerly known as Heritage Lanes, the property has been part of the community for over 100 years.
- Class A Office Conversion: Originally a 21,000 SF single-story, now a two-story, 45,644 SF (GSF) Class A office building.
- Job Creation: The project has created more than 200 jobs, boosting the city’s economic renaissance.
- Complete High-Quality Renovation: The building underwent a full transformation, preserving original walls and industrial design elements.
- Upgraded Parking: Renovation includes a fully upgraded underground parking garage with 30 spaces.
- 10-Year LERTA Tax Abatement: Tenants benefit from reduced CAM expenses due to the tax abatement.
Executive Summary
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
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
Building Size
45,644 SF
Building Class
A
Year Built/Renovated
1920/2020
Price
$14,238,205 CAD
Price Per SF
$311.94 CAD
Cap Rate
7.34%
NOI
$1,045,084 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,822 SF
Building FAR
1.72
Lot Size
0.61 AC
Opportunity Zone
Yes
Parking
30 Spaces (0.66 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Security System
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Manufacturing
- -
- -
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Lorem Ipsum
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Jan 0000
Their mission is to enhance the capabilities of law abiding shooters through superior sighting.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Manufacturing | - | - | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | L9SE2B-13-4-0310 | Improvements Assessment | $51,147 CAD |
| Land Assessment | $32,485 CAD | Total Assessment | $83,632 CAD |
Property Taxes
Parcel Number
L9SE2B-13-4-0310
Land Assessment
$32,485 CAD
Improvements Assessment
$51,147 CAD
Total Assessment
$83,632 CAD
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Heritage River View | 132-142 S 3rd St
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