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230 Harrisburg Ave
Lancaster, PA 17603
4 Property Medical Office Portfolio · Office Property For Sale
·
46,987 SF Total
INVESTMENT HIGHLIGHTS
- Tenant: Wood & Myers Oral and Maxillofacial Surgery, P.C.
- Escalations: 3% annual escalations
- Renewal Options: Two 5-year fixed renewal options at 3% escalations with Landlord right to deny renewals upon 20-day written notice
- Year 1 Base Rent: $1,279,144.08
- Term: 5 Year Master Lease starting in January 2026
- Landlord Responsibility: Triple Net lease with minimal Landlord responsibilities (roof and structure only)
EXECUTIVE SUMMARY
This offering consists of a four-property medical office portfolio located in Greater Harrisburg and South Central Pennsylvania, leased to Wood & Myers Oral and Maxillofacial Surgery, P.C., a trusted oral and facial surgery team in the area.
The portfolio is secured by a 5-year master lease commencing January 2026 with Year 1 base rent of $1,279,144.08 and 3% annual escalations. The tenant has two 5-year renewal options at 3% escalations, subject to the landlord’s right to deny renewal with 20 days’ written notice.
The lease is triple net, with landlord responsibility limited to roof and structure only.
The portfolio is offered at a purchase price of $18,273,486.86, representing a 7.0% cap rate on in-place rent.
The portfolio is secured by a 5-year master lease commencing January 2026 with Year 1 base rent of $1,279,144.08 and 3% annual escalations. The tenant has two 5-year renewal options at 3% escalations, subject to the landlord’s right to deny renewal with 20 days’ written notice.
The lease is triple net, with landlord responsibility limited to roof and structure only.
The portfolio is offered at a purchase price of $18,273,486.86, representing a 7.0% cap rate on in-place rent.
PROPERTY FACTS
| Price / SF | $539.99 CAD / SF | Number of Properties | 4 |
| Cap Rate | 7% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 46,987 SF |
| Status | Active | Total Land Area | 6.15 AC |
| Price / SF | $539.99 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 46,987 SF |
| Total Land Area | 6.15 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Wood & Myers
207 S 32nd St, Camp Hill, PA 17011 |
Office | 7,400 SF | - | - |
| 25 Eastgate Dr, Carlisle, PA 17015 | Office | 15,000 SF | 1990 | - |
| 4341 Linglestown Rd, Harrisburg, PA 17112 | Office | 1,855 SF | 1954 | - |
|
230 Medical Centre
230 Harrisburg Ave, Lancaster, PA 17603 |
Office | 22,732 SF | 1984 | - |
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