173 Brown St, East Stroudsburg, PA 18301
2 Office Properties Offered at $4,250,000 in East Stroudsburg, PA
Asking Price $4,250,000
- Property Type
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Office
Listing Contacts
- Property Info
Property Overview
**PRICE REDUCTION**
Pocono Medical Buildings offer investors the opportunity to acquire two (2) multi-tenant medical office buildings that are centrally located in East Stroudsburg (Monroe County), Pennsylvania, and part of the Pocono Mountains region.
East Stroudsburg is 42 miles northeast of Allentown, 102 miles north of Philadelphia, and 75 miles west of New York City.
The Properties are well-located adjacent to Lehigh Valley Hospital (LVH) – Pocono, a full-service hospital serving Monroe County and the entire Pocono region. LVH-Pocono is a part of Lehigh Valley Health Network (LVHN), which is comprised of 13 hospital campuses, as well as numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites, and other outpatient care locations in 10 eastern Pennsylvania counties.
With fully-improved VACANT SPACE and near-term lease expirations, the Buildings present an opportunity for a healthcare provider to occupy existing space and expand over time, and for an investor, VALUE CAN BE ADDED BY CONVERTING SHORT-TERM FSG LEASES TO LONGER TERM NNN LEASES. In addition, continued high construction costs means that the Buildings can be acquired at a significant discount to replacement cost.
Pocono Medical Buildings serve Monroe County and its large population of nearly 600,000 residents.
The Buildings are within a quarter-mile of East Stroudsburg University of Pennsylvania, five (5) miles from St. Luke’s Monroe Campus (opening in April of 2024), and 39 miles from Lehigh Valley International Airport (ABE).
The Properties are also well-located and visible along Interstate 80, and less than one-mile from a Walmart Supercenter, providing patients with exceptional convenience and access.
Pocono Medical Buildings offer investors the opportunity to acquire two (2) multi-tenant medical office buildings that are centrally located in East Stroudsburg (Monroe County), Pennsylvania, and part of the Pocono Mountains region.
East Stroudsburg is 42 miles northeast of Allentown, 102 miles north of Philadelphia, and 75 miles west of New York City.
The Properties are well-located adjacent to Lehigh Valley Hospital (LVH) – Pocono, a full-service hospital serving Monroe County and the entire Pocono region. LVH-Pocono is a part of Lehigh Valley Health Network (LVHN), which is comprised of 13 hospital campuses, as well as numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites, and other outpatient care locations in 10 eastern Pennsylvania counties.
With fully-improved VACANT SPACE and near-term lease expirations, the Buildings present an opportunity for a healthcare provider to occupy existing space and expand over time, and for an investor, VALUE CAN BE ADDED BY CONVERTING SHORT-TERM FSG LEASES TO LONGER TERM NNN LEASES. In addition, continued high construction costs means that the Buildings can be acquired at a significant discount to replacement cost.
Pocono Medical Buildings serve Monroe County and its large population of nearly 600,000 residents.
The Buildings are within a quarter-mile of East Stroudsburg University of Pennsylvania, five (5) miles from St. Luke’s Monroe Campus (opening in April of 2024), and 39 miles from Lehigh Valley International Airport (ABE).
The Properties are also well-located and visible along Interstate 80, and less than one-mile from a Walmart Supercenter, providing patients with exceptional convenience and access.
Highlights
- Campus-Adjacent Location Located directly across the street from Lehigh Valley Hospital (LHVN) – Pocono, a 249-bed acute care hospital with ten (10) s
- Owner-User Opportunity With the existing vacant space and near-term lease expirations, this is a unique opportunity for a practice group to acquire a
- Value-Add Opportunity The offering provides investors with the opportunity to convert the leases from FSG to market rate long-term NNN leases with fi
- Below Replacement CostWith the high cost of construction for labor and material, the Buildings can be acquired at a significant discount to replacemen
- Centrally Located The Buildings are centrally located in a densely populated region of East Stroudsburg, one-quarter mile from East Stroudsburg Univer
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