4 Farm Colony DrWarren, PA 16365

  • Office properties
  • 22,790 SF
For Sale
$10,450,000 View listing

Property Details for 4 Farm Colony Dr

Year built
2008
Lot size
3.44 AC
Property size (Sq ft)
22,790 SF
Zone code
I
Property type
Office properties
Property subtype
Other office properties
APN
WN-005-144000-000
APU
WN005144000000

Description

This exceptional investment opportunity presents a portfolio of three office buildings totaling 11,281 to 22,006 square feet, currently 100% occupied under a triple-net lease with the Government Services Administration (GSA). Located in Warren County, Pennsylvania, at 4 Farm Colony Drive, zip code 16365, this fee-simple property boasts a strong 8.42% cap rate and a substantial net operating income (NOI) of $880,118. The portfolio features a single tenant with a Moody's AAA credit rating, ensuring exceptional financial stability. The 20-year lease commenced March 1, 2009, and has approximately 4.3 years remaining until expiration on February 28, 2029. Each building was constructed to exacting GSA specifications and has a long history of occupancy, demonstrating the value and desirability of these properties. The lease is an absolute triple-net (NNN) agreement, meaning the tenant is responsible for all operating expenses, providing the investor with minimal operational responsibilities and maximum return. This is a rare opportunity to acquire a secure, high-quality investment with a government-backed lease and a proven track record of success. The portfolio offers significant long-term value and exceptional cash flow potential. The properties are strategically located and were built to suit the specific needs of the occupying federal agencies: Social Security Administration, U.S. Department of the Interior - Fish and Wildlife Service, and U.S. Forest Service.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,862,393
    6.5%
    $4,488,363
    7%
    $4,167,766
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,327,705
    Geo Method
    $4,556,632
  • Alternative Use

    Use
    Valuation
    Residential
    $5,565,570
    Hospitality
    $5,098,032
    Educational
    $4,241,503
    Medical
    $4,387,374
    Retail
    $6,597,894
4 Farm Colony Dr, Warren, Pennsylvania

Location Insight

City
Warren
County
Warren
State
Pennsylvania
Latitude
41.9071
Longitude
-79.1519
CBSA code
47620
CBSA name
WARREN, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,913
$17,200
$356,760
$373,960
-
$34,400
$713,520
$747,920

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