For Sale
$829,000

11 Industrial Park RdFairdale, PA 15320

5,000 SF, 9.25% Cap Rate, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple investment opportunity presents a 5,000-square-foot Class A medical office building in Carmichaels, Pennsylvania. Located at 11 Industrial Park Rd, 15320, this single-tenant property is currently 100% occupied by Fresenius Kidney Care under a Net Lease (NN+) agreement. The building, constructed in 2007, sits on a 1.5-acre lot. The current lease, with a commencement date of November 1, 2022, and an expiration date of October 31, 2027, offers a remaining term of approximately 2.9 years. The asking price is $829,000, representing a price per square foot of $165.80 and a 9.25% capitalization rate based on a Net Operating Income (NOI) of $76,729. The tenant, Fresenius Kidney Care, is a credit-rated entity, providing a strong financial foundation for this investment. This property offers a stable income stream with potential for future repositioning. The property is approximately 60 miles south of Pittsburgh. The lease provides for minimal landlord responsibilities. This is a build-to-suit property.

Highlights

  • Net lease structure minimizes landlord responsibilities.
  • Over three years of guaranteed income with repositioning potential via reletting or lease buyout.
  • Corporate guarantee from Fresenius Medical Care, a globally recognized credit tenant with a BBB- S&P rating.

Property Details for 11 Industrial Park Rd

Property type
Office properties, Medical offices
Square Feet
5,000 SF
Class
A
Year Built
2007
Buildings
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Fairdale
County
Dauphin
State
Pennsylvania
Latitude
39.8663261
Longitude
-79.9975916
11 Industrial Park Rd, Fairdale, Pennsylvania

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11 Industrial Park Rd
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