1001 6Th StHarrisburg, PA 17102

For Sale
Call for price

NNN Lease, 100% Occupied, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully occupied, single-tenant net-leased office building in Harrisburg, Pennsylvania's Central Business District. The three-story, 58,014-square-foot Class B building, constructed in 1982 and renovated in 2006 and 2020, boasts a commanding 11.44% cap rate. Located at 1001 N 6th St, this fee-simple property sits on a 1.07-acre lot and features 39 on-site parking spaces, with access to an additional 200 covered spaces at a subsidized rate. The building is currently 100% occupied by Dauphin County Children & Youth Services, a long-term tenant since 2010, under a NNN lease extending into Q4 2027. Dauphin County holds an AA credit rating, minimizing landlord responsibilities. The property's prime location offers easy access to the State Capitol Complex, the new Federal Courthouse, and the State Archives Department, situated within Harrisburg's thriving Central Business District. Its proximity to major roadways and numerous amenities, including the Broad Street Market, Riverfront Park, and Strawberry Square, further enhances its appeal. This is a low-management, high-return investment with significant upside potential, benefiting from Harrisburg's ongoing economic development and revitalization efforts. The Institutional zoning allows for flexibility in future uses. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.

Highlights

  • Fully occupied, 58,014 SF Class B office building with an 11.44% cap rate.
  • NNN lease with a single, long-term tenant (Dauphin County Children & Youth) since 2010; lease extends to Q4 2027.
  • Low-management, single-tenant NNN lease below replacement cost; zero landlord responsibilities.
  • Prime Harrisburg CBD location near the State Capitol Complex, new Federal Courthouse, and State Archives.
  • 3-story building on a 1.07-acre lot, built in 1982, renovated in 2006 and 2020; 39 on-site parking spaces plus access to 200 additional spaces.

Property Details for 1001 6Th St

Property type
Other office properties, Office properties
Square Feet
58,014 SF
Class
B
Year Built/Renovated
1982/2020
Buildings
1
Stories
3
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.269360776535
Longitude
-76.885236396371
1001 6Th St, Harrisburg, Pennsylvania

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1001 6Th St
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