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225 Columbia Mall Dr - Dunham's Sports 61,178 SF Retail Condo Unit Offered at $5,427,608 CAD in Bloomsburg, PA 17815
INVESTMENT HIGHLIGHTS
- Corporate guaranty from Dunham’s
- Strong economic and employment base
- Surrounded by national retailers; Walmart, Home Depot, Lowe’s, and more
- Very strong store sales with 2% percentage rent
- Mall being completely transformed into open air lifestyle center
- Just off the I-80 interchange
EXECUTIVE SUMMARY
Capital Commercial Partners is pleased to bring to the market this Dunham’s Sports Condo located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with corporate guaranty from Dunham’s. The original lease was 7 years and the tenant just exercised their second 5 year option period expiring March 2029. This is an extremely busy location for the tenant with Dunham’s paying $103,000 in percentage rent in 2024. The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It’s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings. Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It’s the county seat and the only incorporated town in PA.. This is a unique opportunity for an investor to acquire a great location, excellent return, corporate guarantee, tremendous upside with the mall redevelopment, and at only $64.17 price per square foot; substantially below replacement cost of more than $200 PSF. The roof & HVAC’s were replaced in 2011 upon lease commencement.
PROPERTY FACTS
| Total Building Size | 61,178 SF | Year Built | 1974 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Floors | 1 | Parking Ratio | 3.42/1,000 SF |
| Typical Floor Size | 61,178 SF |
| Total Building Size | 61,178 SF |
| Property Type | Retail (Condo) |
| Floors | 1 |
| Typical Floor Size | 61,178 SF |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 3.42/1,000 SF |
1 UNIT AVAILABLE
Unit 7
| Unit Size | 61,178 SF | Sale Type | Investment |
| Price | $5,427,608 CAD | Cap Rate | 8.00% |
| Price Per SF | $88.72 CAD | NOI | $434,208.70 CAD |
| Condo Use | Retail |
| Unit Size | 61,178 SF |
| Price | $5,427,608 CAD |
| Price Per SF | $88.72 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $434,208.70 CAD |
DESCRIPTION
The mall is undergoing a complete transformation to open air lifestyle
mixed use center. Geisinger Health Systems is developing a hospital
campus adjoining the mall and will be pedestrian between the two
developments. This will make it very easy to work, live, and shop all
in the same place.
SALE NOTES
Located in Columbia Mall, this unique opportunity for an investor to acquire a great location, excellent return, corporate guarantee, tremendous upside
with the mall redevelopment, and at only $64.17 price per square
foot; substantially below replacement cost of more than $200 PSF.
The roof & HVAC’s were replaced in 2011 upon lease
commencement.
NEARBY MAJOR RETAILERS
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225 Columbia Mall Dr - Dunham's Sports
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