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100 Community Dr
Tobyhanna, PA 18466

$1,568,467 USD

Medical Condo For Sale  •  6,067 SF

Property Details

  • Property Type Medical
  • Total Building Size 55,536 SF
  • Lot Size 7.01 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 7.90 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
8 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101 Medical 6,067 SF $1,568,467 USD
  • Unit Size: 6,067 SF
  • Condo Use: Medical
  • Price: $1,568,467 USD
  • Sale Type: Investment
  • Price/SF: $258.52 USD
Description
7.9 CAP - $123,000+ NET Annual Income - First lease option exercised for a 3-year term through August 2028 with additional options and annual escalations. Lehigh Valley Health Network-Pocono occupies as an imaging center. January 2020 investment into space and equipment upgrades demonstrate continued commitment to location. Mountain Healthcare Center is a 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional LVHN offices, dialysis, orthopedics and Pocono Eye. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. 2021 common upgrades, included parking lot resurfacing and building exterior paint.

Sale Notes
NNN Lease

Description 

7.9 CAP - $123,000+ NET Annual Income - First lease option exercised for a 3-year term through August 2028 with additional options and annual escalations. Lehigh Valley Health Network-Pocono occupies as an imaging center. January 2020 investment into space and equipment upgrades demonstrate continued commitment to location. Mountain Healthcare Center is a 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional LVHN offices, dialysis, orthopedics and Pocono Eye. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. 2021 common upgrades, included parking lot resurfacing and building exterior paint.

Highlights

NNN Lease
Minimal, Fixed Landlord Expenses
Annual Rent Increases
Renewal Options

Financial Summary

Cap Rate: 7.90 %
Total Expenses: $37,588 USD

Major Tenants

Tenant SF Occupied Lease End Date
Lehigh Valley Hospital - Pocono 6,067 SF 8/31/2028

Public Transportation

AirportDriveWalkDistance
Wilkes-Barre/Scranton International 46 min - 34.6 mi
Lehigh Valley International 66 min - 46.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 320
Type: Surface
Included in Rent: Yes
Brian Coyne 570-828-3881 SER Commercial Real Estate
Brian Coyne 570-828-3881 SER Commercial Real Estate