11025 Murray Rd - Specialty FOR SALE


Meadville, PA 16335
$2,940,000 USD
724-396-2454
11025 Murray Rd, Meadville, PA for Sale
$2,940,000 USD
Specialty - FOR SALE
1/3
null | 6.91% Cap Rate

11025 Murray Rd
Meadville, PA 16335


HIGHLIGHTS

  • Offering provides long term leases and 5 year old construction.
  • Attractive annual rent increases allot for a hedge against inflation.
  • Station lease has options to extend with scheduled rent increases every 5 years.
  • Conveniently situated in the Northwestern area, Meadville offers easy access to Interstate 79.
  • Approximately 1 ½ hours from Pittsburgh and 45 minutes to Erie.

OVERVIEW

The offering is a Pennsylvania State Police Station location in Meadville in Crawford County. The station was newly constructed in 2014 and is on a long term lease. There are attractive annual rent increases based on CPI providing for a hedge against inflation and substantial base rent increases in each option period. The Pennsylvania State Police operate over 88 stations within the state. The lease provides for an option to extend, as well as schedule rent increases. All brick construction with upscale interior finishes and state of the art Geo thermal HVAC system.

FOR SALE DETAILS

PRICE

$2,940,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pennsylvania State Police

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

5.11 AC

LAND SF

222,592 SF

ZONING

Commercial

APN/PARCEL ID

65-0-051536

ASK ABOUT THIS PROPERTY

Tim WeinmanWeinman Real EstateMore Info
724-396-2454

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Tim WeinmanWeinman Real EstateMore Info
724-396-2454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.