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This exceptional investment opportunity presents two single-tenant office buildings totaling 22,062 square feet, strategically located in Pottstown and Lehighton, Pennsylvania. Both properties are 100% occupied under long-term leases with the Commonwealth of Pennsylvania, specifically the Department of Human Services (DHS), providing crucial services to the community. The Pottstown location, built in 2003 and renovated in 2021, sits on 2.59 acres and is zoned Flex Office (FO) and Highway Commercial District (C-3). The Lehighton property, constructed in 2006 and also renovated in 2021, occupies 2.02 acres and shares the same zoning. The properties benefit from new 10-year lease extensions executed in 2019 and 2020, commencing in early 2021. These leases include annual CPI rent adjustments, capped at a 5% increase, safeguarding the owner's return. The Lehighton lease expansion in 2021 incorporated the Department of Health, adding 1,160 square feet and requiring significant leasehold improvements, including a separate entrance, waiting room, reception area, and two exam rooms. The combined portfolio boasts a strong NOI of $318,657, an 8.07% cap rate, and an asking price of $3,950,000 ($179.04 per square foot). This is a rare chance to acquire a stable, high-performing asset with a secure tenant and significant long-term growth potential. The properties serve as essential community hubs, with the Lehighton location being the only such center in Carbon County and the Pottstown location one of only two in Montgomery County.
Highlights
Investment-grade portfolio: Two properties totaling 22,062 square feet, leased to the Commonwealth of Pennsylvania (S&P A+).
Both properties are build-to-suit, with long-term occupancy (Pottstown since 2003, Lehighton since 2006).
New 10-year lease extensions executed in 2019 and 2020, commencing early 2021.
Leases include annual CPI rent adjustments, capped at 5% to protect against rising expenses.
Lehighton lease expansion includes a new 1,160 SF State Health Center with dedicated entrance, waiting room, reception, and exam rooms.
Critical social services facilities: Sole Carbon County location and one of two in Montgomery County.
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Contacts
Steve Marzullo
Adam Silverman
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24 Robinson St, Pottstown, Pennsylvania, 19464
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.