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Faits saillants de l'investissement

  • Stable NNN lease in place through December 2027 with one renewal option remaining.
  • Desirable CP2 zoning accommodating diverse office and medical uses.
  • Easily accessible single-story property with on-site parking and natural light interiors.
  • Annual rent increases tied to CPI starting in 2026 for sustained income growth.
  • Convenient frontage along S Atherton Street with direct routes to downtown State College.
  • Strong regional economic base supported by Penn State University and healthcare employment clusters.

Résumé de l'annonce

Great investment opportunity. The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner. Investment Highlights: In-place lease through December 2027 Current rent: $1,255.54/month Annual CPI rent increases beginning in 2026. Tenant pays all expenses: utilities, taxes, insurance, and condo fees One (1) two-year renewal option remaining Great Year 1 cash-on-cash return Low-maintenance, passive investment

1 Unité disponible

  • Unité
  • Taille de l’unité
  • Utilisation du condo
  • Prix
  • Revenu net d’exploitation
  • Unité 1368
  • 695 pi²
  • Bureau/Médical
  • 213 093 $ CAD (306,61 $ CAD/pi²)
  • -
Type de vente Investissement
Nbre d’espaces de stationnement 1
Description
Reception area, conference room, private office and in suite restroom & storage.
Notes sur la vente
Southwood Office Complex presents an appealing investment opportunity located along S Atherton Street in State College, a key commercial corridor with close proximity to Penn State University and robust residential and retail markets. The available office/medical condominium unit is currently leased under a true NNN arrangement, minimizing landlord involvement while providing stable income. The existing tenant agreement includes annual CPI-based rent adjustments beginning in 2026 and one remaining two-year renewal option, reinforcing long-term security for potential buyers.
Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.
Unité Taille de l’unité Utilisation du condo Prix Revenu net d’exploitation
Unité 1368 695 pi² Bureau/Médical 213 093 $ CAD (306,61 $ CAD/pi²) -

Unité 1368

Taille de l’unité
695 pi²
Utilisation du condo
Bureau/Médical
Prix
213 093 $ CAD (306,61 $ CAD/pi²)
Revenu net d’exploitation
-

Unité 1368

Taille de l’unité 695 pi²
Utilisation du condo Bureau/Médical
Prix 213 093 $ CAD (306,61 $ CAD/pi²)
Revenu net d’exploitation -
Type de vente Investissement
Nbre d’espaces de stationnement 1
Description
Reception area, conference room, private office and in suite restroom &amp; storage.</li></ul>
Notes sur la vente
Southwood Office Complex presents an appealing investment opportunity located along S Atherton Street in State College, a key commercial corridor with close proximity to Penn State University and robust residential and retail markets. The available office/medical condominium unit is currently leased under a true NNN arrangement, minimizing landlord involvement while providing stable income. The existing tenant agreement includes annual CPI-based rent adjustments beginning in 2026 and one remaining two-year renewal option, reinforcing long-term security for potential buyers.<br> Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.</li></ul>

Faits sur la propriété

Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
Taille totale du bâtiment 695 pi²
Type de propriété Bureau (Condo)
Classe d’immeuble B
Planchers 1
Superficie de plancher typique 695 pi²
Année de construction 1987
Taille du lot 0,99 AC
Ratio de stationnement 1,44/1 000 pi²
Zonage CP2 - Commercial Planifié 2 - permet tout usage sauf certaines exceptions dans le zonage commercial.

Commodités

  • Ligne d'autobus
  • Affichage
  • Lumière naturelle
Assez accessible à pied
50/100
Très bien adapté aux voitures
80/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
  • ID d’inscription: 39025718

  • Date de mise sur le marché: 2026-01-09

  • Dernière mise à jour:

  • Adresse: 1344-1374 S Atherton St, State College, PA 16801

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