1020-1022 James Dr, Leesport, PA 19533
14,384 SF | 100% Leased | Office Building | Leesport, PA 19533 | $1,875,000 ($130/SF) | 7.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,875,000
- Property Type
-
Office
- Square Feet
- 14,384 SF
- Price / Square Foot
- $130
Listing Contacts
Jesse Dubrow
Verified Profile
- Property Info
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 88,427 SF
Highlights
- Four-tenant, two-building office investment opportunity located in the heart of Reading, PA located off of Bernville Road (23,377 VPD)
- Boasting a robust operational history, tenants have demonstrated enduring commitment to the site, with each renewing their lease for an additional 3 y
- Significant under market rents, immediate value-add for a new owner to align with market rates
- Professionally managed building with little to no financial burden on the owner for maintenance and upkeep
- Conveniently situated - merely 2 miles west of the property is the Reading Hospital and downtown reading. The site offers strategic proximity to esse
- The property is strategically positioned off of route 222 which connects northeast PA with the PA turnpike and bypasses reading to the west which form
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