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225 Columbia Mall Dr - Dunham's Sports 61,178 SF Retail Condo Unit Offered at $4,728,851 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
UPDATE: Amazon just purchased a data center in Berwick less than 15 miles from the interchange for $650,000,000. TikTok and Meta are both building 1M SF data centers around it. Several new townhome and apartment developments are going in on sites surrounding the mall creating significantly more demand within the submarket. TRAFFIC: Placer.ai data shows 842,000 monthly site visits at the interchange with Columbia Mall receiving 246,000+ Dunham’s Sports located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with corporate guaranty from Dunham’s. Successful long term tenancy of 15+ years with original lease being just 7 years. The tenant exercised their second 5 year option period expiring in March 2029. This is an extremely busy location for the tenant with Dunham’s paying $85,000 in percentage rent in 2025. 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 $55.83 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 | $4,728,851 CAD | Cap Rate | 9.00% |
| Price Per SF | $77.30 CAD | NOI | $425,596.60 CAD |
| Condo Use | Retail |
| Unit Size | 61,178 SF |
| Price | $4,728,851 CAD |
| Price Per SF | $77.30 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 9.00% |
| NOI | $425,596.60 CAD |
NEARBY MAJOR RETAILERS
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225 Columbia Mall Dr - Dunham's Sports
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