For Sale
$650,000

171 Technology DrBoalsburg, PA 16827

Fully occupied flex space, prime location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully occupied, multi-tenant flex space totaling 16,892 square feet, situated at 171 Technology Drive in Boalsburg, Pennsylvania, 16827. The property, built in 1960 and boasting a Light Industrial zoning permit, comprises a single, two-story building with eight individual units, each currently leased. The asking price is $650,000, translating to $38.48 per square foot and $81,250 per unit. The property enjoys 100% occupancy with a gross lease structure. Eight tenants currently occupy the space, many with long-term leases extending to February 29, 2028. The building features an 8-foot ceiling height. Its strategic location at the Boalsburg interchange of US Route 22/US Route 322 ensures high visibility and accessibility, making it an ideal investment in the thriving central Pennsylvania market near State College. The property's parcel number is 25-013-,113-,0001-. This is a rare chance to acquire a stable, high-performing commercial property with significant long-term potential. No ground lease is in place.

Highlights

  • 100% Occupancy.
  • Strong tenant base with long-term leases, extending to February 29, 2028.
  • Boalsburg Interchange location on US Route 22/US Route 322.
  • High visibility on a major highway interchange.

Property Details for 171 Technology Dr

Property type
Industrial properties, Flex space
Square Feet
16,892 SF
Year Built
1960
Buildings
1
Stories
2
Units
8

Location Insight

City
Boalsburg
County
Centre
State
Pennsylvania
Latitude
40.7785296
Longitude
-77.7764532
171 Technology Dr, Boalsburg, Pennsylvania

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171 Technology Dr
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