1303 Lincoln AveLincoln Park, MI 15131
For Sale
$749,900
Lincoln Park, PA - 8,700 SF, 10-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- $749,900 asking price for a Class C, 8,700 square foot medical office building.
- Located at 1303 Lincoln Ave, White Oak, PA 15131, on a 0.14-acre lot.
- Features two tenants with a credit-rated, 10-year NNN lease commencing December 1, 2023, and expiring November 30, 2033, offering a remaining lease term of 9 years.
- Currently 70% occupied, with projected full occupancy by November 1, 2024.
- Offers a current cap rate of 8.84% and a pro-forma cap rate of 12.11%, with a pro-forma NOI of $90,803.
- Includes 3.22 parking spaces per 1,000 square feet and $1.00/sf annual rent bumps.
Property Details for 1303 Lincoln Ave
- Property type
- Other office properties, Medical offices
- Square Feet
- 8,700 SF
- Class
- C
- Year Renovated
- 2001
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
Location Insight
- City
- Lincoln Park
- County
- Wayne
- State
- Michigan
Nearby Similar for Sale
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