1750 5th Ave - Medical FOR SALE


York, PA 17403
$7,547,169 USD
610-295-5697
1750 5th Ave, York, PA for Sale
$7,547,169 USD
Medical - FOR SALE
1/3
null | 7.95% Cap Rate

1750 5th Ave
York, PA 17403


HIGHLIGHTS

  • HMS Networks AB is an International Company in the Field of Industrial Information and Communication Technology (Industrial ICT)
  • This Investment Offers a New 10 Year Lease Term Commencing at Close of Escrow; With Two Additional 5 Year Options
  • Annual Rental Increases of 2% During Both the Primary Term and Option Periods Ensures Steady Growth in Net Operating Income (NOI)
  • No Landlord Responsibilities; Eliminating Operational Burden and Maintenance Costs For the Landlord
  • HMS Networks Has a Strong Track Record of Operational Excellence
  • HMS is Headquartered in Halmstad; Sweden and is Listed on the Nasdaq Nordic Stock Exchange; HMS Employs 1200 People

OVERVIEW

Sands Investment Group is Pleased to Present Exclusively For Sale the 43,024 SF Office Asset Located in a Prime Location in York, PA. The Tenant is HMS Networks AB, an International Company in the Field of Industrial Information and Communication Technology (Industrial ICT). HMS is Headquartered in Halmstad, Sweden and is Listed on the Nasdaq Nordic Stock Exchange. They Have 1200 Employees and Reported Sales of 267 Million Euro in 2023. HMS Networks AB Will Lease the Building Back From the Buyer on an Absolute Net Basis With an Initial Term of 10 years, Offering the Buyer Long-Term Stable Returns. In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BOR: Tom Gorman - Lic. PA #RM424383

FOR SALE DETAILS

PRICE

$7,547,169 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HMS Networks Sale Leaseback - York, PA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Telecom Hotel/Data Hosting, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

5.5 AC

LAND SF

239,580 SF

ZONING

CM

APN/PARCEL ID

48-000-11-0023.00-00000

ASK ABOUT THIS PROPERTY

Bart TantilloSands Investment GroupMore Info
610-295-5697

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Bart TantilloSands Investment GroupMore Info
610-295-5697

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