1750 5Th AveYork, PA 17403

For Sale
$7,692,307

Prime Office Building, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 43,024 square foot office building in York, Pennsylvania, currently 100% occupied by HMS Networks AB, a financially robust international Industrial ICT company listed on the Nasdaq Nordic Stock Exchange. The property, built in 1988 and renovated in 2023, sits on a 5.5-acre lot at 1750 5th Avenue, York, PA 17403. The asking price is $7,692,307, representing a compelling $178.79 per square foot and a 6.50% cap rate based on a $500,000 NOI. The sale-leaseback structure features an absolute triple-net (NNN) lease with a corporate guarantee, ensuring minimal landlord responsibilities. The lease agreement includes a 10-year initial term with two 5-year renewal options, providing long-term stability and predictable income. Annual rent bumps of 2% offer protection against inflation and consistent NOI growth. HMS Networks AB, with 1200 employees and €267 million in 2023 sales, demonstrates a strong commitment to operational excellence and continued growth, further enhancing the investment's value. This is a rare opportunity to acquire a high-quality, income-producing asset with a secure, long-term tenant in a desirable location.

Highlights

  • $7,692,307 asking price for a 43,024 SF office building in York, PA.
  • 100% occupancy with HMS Networks AB, a Nasdaq-listed international Industrial ICT company, under a sale-leaseback agreement.
  • New 10-year absolute NNN lease with two 5-year options, providing a stable, long-term income stream.
  • Annual 2% rent increases protect against inflation and ensure NOI growth.
  • No landlord responsibilities; all operating expenses and maintenance are tenant-responsible.
  • Strong tenant with a proven track record of operational excellence and commitment to growth.

Property Details for 1750 5Th Ave

Property type
Other office properties, Office space
Square Feet
43,024 SF
Year Built/Renovated
1988/2023
Lot Size (sq. ft)
239,580 SF

Location Insight

City
York
County
York
State
Pennsylvania
Latitude
39.9662372
Longitude
-76.6914506
1750 5Th Ave, York, Pennsylvania

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1750 5Th Ave
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