1020 James DrLeesport, PA 19533

Property Details for 1020 James Dr

Year built

2000

Property size (Sq ft)

14,300 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a fully occupied, two-building, Class A office complex in Leesport, PA. The 14,300 square foot property, built in 2000 and renovated in 2020, features four tenants across two single-story buildings on a 2 square foot lot. Currently operating at 100% occupancy with a stabilized investment profile, the property boasts a strong NOI of $143,500 and a 7.65% cap rate, with an asking price of $1,875,000 ($131.12/sq ft). All tenants are on gross leases and have recently renewed their leases for an additional three years. The property benefits from its strategic location, just two miles west of the Reading Airport and five miles from Reading Hospital, offering excellent visibility and accessibility off Route 222. Significant value-add potential exists through market rent adjustments, given that current rental rates have remained stagnant for 5-10 years. This presents a rare opportunity to acquire a generational asset in a thriving market with minimal management burden. The property's strong operational history, coupled with the robust demand for office space in the Reading area, makes this an ideal investment for those seeking a stable, high-return asset with immediate upside potential. The property is professionally managed.

Location Insight

City

Leesport

County

Berks

State

Pennsylvania

Latitude

40.3914

Longitude

-75.9976

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