1550 Rodney RdShiloh, PA 17408

For Sale
$3,000,000

10,000 SF, 10-Year NNN Lease, 6.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 10,000-square-foot medical office building in Shiloh, Pennsylvania, currently leased to UPMC Primary Care & Lab Services under a new 10-year triple-net (NNN) lease commencing December 31, 2024, and expiring December 30, 2034. The property boasts a strong 6.70% cap rate and a substantial $3,000,000 asking price, translating to $300 per square foot. The building, constructed in 1992 and extensively renovated in 2024, sits on a 1.84-acre lot at 1550 Rodney Road, York, PA 17408. The lease includes a favorable 2.5% annual rent increase, providing a hedge against inflation. UPMC, the largest hospital system in Pennsylvania, occupies the entire building (100% occupancy), offering exceptional tenant creditworthiness and stability. Significant capital improvements have been made, including over $777,000 in tenant improvements and landlord investments in the parking lot and a new TPO roof with a 20-year transferable warranty. The property benefits from its strategic location adjacent to the 104-bed UPMC Memorial Hospital, a 2019 construction with all private patient rooms. This presents a compelling investment opportunity with a long-term, secure lease and strong potential for future appreciation.

Highlights

  • 10,000 SF medical office building in York, PA, with a new 10-year triple-net (NNN) lease to UPMC.
  • Triple-net lease provides passive investment with a 6.70% cap rate and $300/SF price.
  • $777,000+ in capital improvements, including a new TPO roof with a 20-year transferable warranty.
  • 2.5% annual rent increases, hedging against inflation.
  • Excellent location adjacent to a 104-bed UPMC hospital, providing strong tenant creditworthiness and stability.

Property Details for 1550 Rodney Rd

Property type
Other office properties, Medical offices
Square Feet
10,000 SF
Year Built/Renovated
1992/2024
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Shiloh
County
York
State
Pennsylvania
Latitude
39.9768432
Longitude
-76.7635879
1550 Rodney Rd, Shiloh, Pennsylvania

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1550 Rodney Rd
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