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Five-Building Suburban Office Portfolio 5 Office Properties Offered at $15,409,575 CAD in Kingston, PA
Investment Highlights
- Five-building office portfolio totaling 95,037 rentable square feet in Kingston, PA.
- Located in an affluent suburban market near major routes including Route 309 and I-81.
- Offered at less than half of replacement cost, providing strong value-add potential.
- Occupancy rate of 96% with a diverse mix of professional office tenants.
- Easy access to the Wilkes-Barre CBD via the Pierce Street Bridge.
- Ample surface parking and well-maintained Class B construction with brick and stucco finishes.
Executive Summary
This offering presents a rare opportunity to acquire a five-building suburban office portfolio strategically located in Kingston, Pennsylvania, part of the Scranton–Wilkes-Barre–Hazleton Metropolitan Statistical Area. Totaling 95,037 rentable square feet, the portfolio consists of well-maintained Class B buildings ranging from one to three stories with abundant surface parking. Built between 1978 and 1998, these assets have delivered strong tenancy stability, with 96% occupancy driven by small- to medium-sized firms in healthcare, finance, insurance, legal, and other service-based industries.
The properties are positioned in an irreplaceable location with strong barriers to entry and limited new construction, creating a supply-constrained environment. The portfolio benefits from proximity to major transportation routes including Route 309 and I-81, as well as easy access to the Pierce Street Bridge and the Wilkes-Barre Central Business District. The surrounding area combines an affluent residential base with a vibrant retail district and is minutes from the Back Mountain and Mountain Top communities.
With favorable in-place occupancy and potential upside through strategic lease restructuring to rentable square feet, this investment presents significant opportunity for value creation. Offered at a material discount to replacement cost, this portfolio offers investors durable income, upside potential, and long-term stability in a growing secondary market.
The properties are positioned in an irreplaceable location with strong barriers to entry and limited new construction, creating a supply-constrained environment. The portfolio benefits from proximity to major transportation routes including Route 309 and I-81, as well as easy access to the Pierce Street Bridge and the Wilkes-Barre Central Business District. The surrounding area combines an affluent residential base with a vibrant retail district and is minutes from the Back Mountain and Mountain Top communities.
With favorable in-place occupancy and potential upside through strategic lease restructuring to rentable square feet, this investment presents significant opportunity for value creation. Offered at a material discount to replacement cost, this portfolio offers investors durable income, upside potential, and long-term stability in a growing secondary market.
Property Facts
| Price | $15,409,575 CAD | Number of Properties | 5 |
| Price / SF | $162.14 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.20% | Total Building Size | 95,037 SF |
| Sale Type | Investment | Total Land Area | 6.53 AC |
| Status | Active |
| Price | $15,409,575 CAD |
| Price / SF | $162.14 CAD / SF |
| Cap Rate | 6.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 95,037 SF |
| Total Land Area | 6.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Park Office Building
400 3rd Ave, Kingston, PA 18704 |
Office | 28,752 SF | 1978 | - |
|
Pierce Center
250 Pierce St, Kingston, PA 18704 |
Office | 24,960 SF | 1988 | - |
|
New Bridge Center
480 Pierce St, Kingston, PA 18704 |
Office | 24,696 SF | 1982 | - |
|
270 Office Center
270 Pierce St, Kingston, PA 18704 |
Office | 13,854 SF | 1998 | - |
| 220 Pierce St, Kingston, PA 18704 | Office | 2,775 SF | 1998 | - |
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Five-Building Suburban Office Portfolio
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