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East Mountain Corporate Center 613 Baltimore Dr 59,609 SF 76% Leased Office Building Wilkes Barre, PA 18702 $9,960,408 CAD ($167.10 CAD/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Immediate access to major highways (I-81 and PA Turnpike 476)
  • Flexible and efficient floor plates accommodating both large and small users
  • Recently updated common restrooms
  • Less than 15 minutes to Wilkes-Barre Scranton International Airport
  • Attractive, elevator-served lobby and common areas
  • Walkable area with sidewalks

EXECUTIVE SUMMARY

613 Baltimore Drive is a Class “A” office building containing approximately 59,609 rentable square feet, nestled in the East Mountain Corporate Center in Wilkes-Barre, Pennsylvania. Offered with a 7.5% cap rate based on the "in-place" NOI calculated on the existing 75.6% occupancy. Provides 100% upside on the vacancy.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
59,609 SF
Building Class
B
Year Built
1996
Price
$9,960,408 CAD
Price Per SF
$167.10 CAD
Cap Rate
7.50%
NOI
$747,031 CAD
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,870 SF
Building FAR
0.26
Lot Size
5.34 AC
Zoning
C1 - Commercial

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 5,000-12,294 SF
  • Office
  • Full Build-Out
  • Now
  • 2nd Floor
  • 2,210 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 5,000-12,294 SF Office Full Build-Out Now
2nd Floor 2,210 SF Office Full Build-Out Now

1st Floor

Size
5,000-12,294 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
2,210 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
50-H11-00A-048-000
Land Assessment
$855,049 CAD
Improvements Assessment
$6,404,896 CAD
Total Assessment
$7,259,945 CAD
  • Listing ID: 34474361

  • Date on Market: 2025-01-14

  • Last Updated:

  • Address: 613 Baltimore Dr, Wilkes Barre, PA 18702

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