For Sale
$1,195,000

3721 Crescent CtHokendauqua, PA 18052

7,200 SF Medical Office; 7.23% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,200 square foot medical office building located at 3721 Crescent Ct W, Hokendauqua, Pennsylvania, 18052, in Lehigh County. Currently occupied by St. Luke's Pediatric Physical Therapy under a triple net (NNN) lease, the property offers a strong, stable income stream. The lease extends to December 28, 2024, with two three-year renewal options, providing long-term security for the investor. The building sits on a half-acre lot (0.5 acres). The asking price is $1,195,000, representing a price per square foot of $165.97 and a pro-forma capitalization rate of 7.23%. This presents a compelling opportunity for investors seeking a stable, income-producing asset in the healthcare sector. The property's location in Hokendauqua offers convenient access to major transportation routes and a growing community. This is an excellent chance to acquire a well-maintained medical office building with a strong tenant and significant upside potential. The property is offered as-is.

Highlights

  • $1,195,000 asking price for a 7,200 square foot medical office building.
  • Located at 3721 Crescent Ct W, Hokendauqua, PA 18052.
  • Currently leased to St. Luke's Pediatric Physical Therapy on a NNN lease expiring 12/28/2024 with two 3-year options.
  • 7.23% pro-forma cap rate.
  • $165.97 price per square foot.
  • 0.5-acre lot size.

Property Details for 3721 Crescent Ct

Property type
Office properties, Medical offices
Square Feet
7,200 SF
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Hokendauqua
County
Lehigh
State
Pennsylvania
Latitude
40.6534737
Longitude
-75.4985994
3721 Crescent Ct, Hokendauqua, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3721 Crescent Ct
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message