Michael's Stores
16,241 SF Retail Condo Unit Offered at $2,816,655 in Bloomsburg, PA 17815
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,816,655
- Property Type
-
Retail
Listing Contacts
Richard Geisenfeld
Verified Profile
- Property Info
Property Overview
Capital Commercial Partners is pleased to bring to the market this Michael’s Stores Condo located at the Columbia Mall in Bloomsburg, PA.
The investment offers a corporate guaranty from Michael’s Stores, Inc with a new 10-year lease. The expected rent commencement is September 1, 2024 and the condo will have a new roof, HVAC, and parking lot.
The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place.
The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It’s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings.
Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It’s the county seat and the only incorporated town in PA.
The investment offers a corporate guaranty from Michael’s Stores, Inc with a new 10-year lease. The expected rent commencement is September 1, 2024 and the condo will have a new roof, HVAC, and parking lot.
The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place.
The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It’s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings.
Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It’s the county seat and the only incorporated town in PA.
Property Details
- Class
- C
- Year Built
- 2024
- Units
- 1
Highlights
- Corporate guaranty from Michaels Stores, Inc.
- Brand new 10- year net lease with tenant reimbursing for CAM, taxes, and insurance
- Space to have new roof, HVAC, and parking lot
- Mall to be completely transformed into open air lifestyle center
- 46,000 cars per day
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