2014 Sandy Dr - Medical FOR SALE


State College, PA 16803
$2,990,000 USD
814-231-8200
2014 Sandy Dr, State College, PA for Sale
$2,990,000 USD
Medical - FOR SALE
1/21
null | Request Cap Rate

2014 Sandy Dr
State College, PA 16803


HIGHLIGHTS

  • Over 13,000 vehicles per day

OVERVIEW

2014 Sandy is a two-unit dental office located west of Penn State University in the Science Park Commercial District •Class A Medical Building; with both units configured as Dental •1 Unit occupied by Advanced Dentistry of Centre county, 1 Unit Currently Vacant (as of 1/31/2024) –Vacant unit was leased previously by Advanced Dentistry •Two separate entrances with parking for approximately 50 cars •Both AC units replaced in 2023 and 2024. Main unit converted to energy efficient heat pump. •Advanced Dentistry on an Absolute NNN Lease •$9893 Direct rent + $3444.23 Additional rent (for Cam Expenses; True up at YE); Leased through 2029 •100% of directly metered utilities •60.14% of CAM utilities shared across the two spaces specifically: Building Insurance, Landscaping/Snow, Permits, Property Tax, Repairs, Pest, Water/Sewer •Estimated 199% Cam is approximately $50,000-$65,000 per year •Ideal opportunity for Owner Operator

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

PRD

APN/PARCEL ID

24-433-021-0000

ASK ABOUT THIS PROPERTY

Marc McMasterRE/MAX Centre RealtyMore Info
814-231-8200

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Marc McMasterRE/MAX Centre RealtyMore Info
814-231-8200

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