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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 8.11 %
  • Tenancy Multiple
  • Zoning Commercial
30 Transit Score
30 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
8.1 CAP - $127,000+ NET Annual Income - Current lease term through August 2028 with additional options and annual escalations. Tenant is Jefferson-LVHN, among the top 15 not-for-profit health systems in the United States. Suite #101 is located near main entrance on the first floor and is the largest single unit in the building. Contact for lease details. Mountain Healthcare Center is a well-maintained 55,000SF medical arts building containing 17 medical use condos. Other occupants include: Additional Jefferson/LVHN offices, dialysis, orthopedics and Pocono Eye.

Sale Notes
Modified NNN Lease

Highlights

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

Financial Summary

Cap Rate: 8.11 %
Total Expenses: $37,588 USD

Major Tenants

Tenant SF Occupied Lease End Date
Jefferson Health Lehigh Valley 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