2188 Sandy DrState College, PA 16803

Property Details for 2188 Sandy Dr

Lot size

1.00 AC

Property type

Office buildings

APN

24-433-,018A,0000-

APU

24433018A0000

Description

This exceptional Class A office building, constructed in 2014, offers 7,418 square feet of versatile space, currently featuring 2,000 square feet immediately available for lease. Located on Sandy Drive, off Science Park Road in Centre County, this single-tenant property enjoys a high-visibility location surrounded by thriving businesses. The building's zoning is IRD, providing flexibility for various office uses, including medical, executive, creative, and traditional office setups. Ample parking ensures convenient access for employees and clients. The available space presents a unique opportunity for businesses seeking a modern, well-located office environment. The lease is a triple net lease, meaning the tenant is responsible for all build-out expenses. The building's modern design and prime location make it an ideal choice for businesses seeking to establish or expand their presence in a dynamic commercial area. The 2,000 square feet of vacant space is ready for immediate occupancy, allowing for a quick and efficient transition for new tenants. This property offers a blend of convenience, visibility, and modern amenities, making it a highly desirable location for a variety of businesses. The building's excellent condition and strategic location contribute to its strong potential for long-term growth and profitability. Don't miss this chance to secure a prime office space in a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $8,821,096

  6.5%

  $8,142,550

  7%

  $7,560,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,355,856

  Geo Method

  $5,115,920

• Alternative Use

  Use

  Valuation

  Residential

  $10,096,762

  Hospitality

  $9,248,580

  Educational

  $7,694,710

  Medical

  $7,959,343

  Retail

  $11,969,549

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.7825

Longitude

-77.9018

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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