625-627 Spring StReading, PA 19610

For Sale
$3,990,000

Spacious office/warehouse, strong tenants

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity presents a 26,860-square-foot commercial property situated on a 3.15-acre lot at 625-627 Spring Street in Reading, Pennsylvania. The property comprises a substantial 22,060-square-foot office/medical space and an attached 4,800-square-foot warehouse. This well-established property boasts a strong tenant base, with KPS and FMC occupying their respective suites since August 1996. Both tenants recently extended their leases, demonstrating a long-term commitment to the location and highlighting the property's desirability. The nature of Fresenius Medical Care's business provides a degree of recession-resistance, offering investors a stable and reliable income stream. The property is being offered as a leaseback sale, providing a seamless transition for the current owner and a secure investment for the new owner. The location in Reading, PA offers excellent access to major transportation routes and amenities. This is a rare opportunity to acquire a well-maintained, income-producing property with established, long-term tenants in a desirable location. The asking price is $3,990,000. Detailed financial information and lease agreements are available upon request.

Property Details for 625-627 Spring St

Property type
Office properties, Other office properties
Square Feet
26,860 SF
Year Built
1975
Lot Size (sq. ft)
137,214 SF

Location Insight

City
Reading
County
Berks
State
Pennsylvania
Latitude
40.3469
Longitude
-75.96323
625-627 Spring St, Reading, Pennsylvania

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625-627 Spring St
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