745 Raystown Rd - Freestanding FOR SALE


Everett, PA 15537
$2,400,000 USD
215-603-6914
745 Raystown Rd, Everett, PA for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/4
null | 7.24% Cap Rate

745 Raystown Rd
Everett, PA 15537


HIGHLIGHTS

  • Corporately guaranteed by Community Medicine Inc., a wholly owned subsidiary of UPMC
  • Brand new 10-year lease with 10% rental increases every 5 years and 1 x 5yr. option to renew
  • Recently converted through a complete gut-renovation eliminating any deferred maintenance in the near future
  • Highly visible and easily accessible via Raystown Road (PA-26) which has traffic counts over 3,800 VPD
  • UPMC made a substantial investment into the site reducing the possibility of a vacancy in the future

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the UPMC Primary Care Group building in Everett, Pennsylvania. Its strategic location on 2.68 acres along Raystown Road offers high visibility and easy access, with traffic counts exceeding 3,800 vehicles per day. The property benefits from proximity to major interstates and highways, specifically U.S. Route 30, I-99, which connects to State College, PA and Penn State University’s main campus, and the PA Turnpike (I-76). This section of the Turnpike sees 36,543 VPD past the city of Everett.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UPMC | Everett PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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