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Five-Building Suburban Office Portfolio 5 biens • Bureau • À vendre 15 418 575 $ CAD • Kingston, PA
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Faits saillants de l'investissement
- 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.
Résumé de l'annonce
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.
Faits sur la propriété
| Prix | 15 418 575 $ CAD | Nombre de propriétés | 5 |
| Prix/pi² | 162,24 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,20% | Taille totale du bâtiment | 95 037 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 6,53 AC |
| Statut | Actif |
| Prix | 15 418 575 $ CAD |
| Prix/pi² | 162,24 $ CAD / pi² |
| Taux de capitalisation | 6,20% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 5 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 95 037 pi² |
| Superficie totale du terrain | 6,53 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Park Office Building
400 3rd Ave, Kingston, PA 18704 |
Bureau | 28 752 pi² | 1978 | - |
|
Pierce Center
250 Pierce St, Kingston, PA 18704 |
Bureau | 24 960 pi² | 1988 | - |
|
New Bridge Center
480 Pierce St, Kingston, PA 18704 |
Bureau | 24 696 pi² | 1982 | - |
|
270 Office Center
270 Pierce St, Kingston, PA 18704 |
Bureau | 13 854 pi² | 1998 | - |
| 220 Pierce St, Kingston, PA 18704 | Bureau | 2 775 pi² | 1998 | - |
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Five-Building Suburban Office Portfolio
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