625 Spring St - Medical FOR SALE


Wyomissing, PA 19610
$3,990,000 USD
610-670-2770
625 Spring St, Wyomissing, PA for Sale
$3,990,000 USD
Medical - FOR SALE
1/41
null | 8.01% Cap Rate

625 Spring St
Wyomissing, PA 19610


HIGHLIGHTS

  • Investment Property
  • Long Term Tenants
  • Located in Wyomissing
  • Well Maintained Property

OVERVIEW

Remax Commercial is pleased to present an investment property located at 625-627 Spring Street, Wyomissing, Pennsylvania. This property includes a 22,060 square foot office/medical space and an attached 4,800 SF warehouse on 3.14 acres of land in the Borough of Wyomissing. KPS and FMC have occupied their suites since August of 1996. Recently, both Tenants have extended their leases which shows a strong commitment to the building, and the area for the last 28 + years. The treatment that Fresenius Medical Care provides would be considered an essential need, and both Tenants have a recession-proof business. The current owner would like to sell the property as a leaseback sale.

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

C-2

APN/PARCEL ID

96-4397-16-74-8175

ASK ABOUT THIS PROPERTY

Kent WrobelRE/MAX of ReadingMore Info
610-670-2770

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Kent WrobelRE/MAX of ReadingMore Info
610-670-2770

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