479 Port View DrHarrisburg, PA 17111

For Sale
$5,383,545

Multi-tenant medical office building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 27,314 square foot, multi-tenant medical/office building in Harrisburg, Pennsylvania. Located at 479 Port View Dr, Dauphin County, zip code 17111, this 2008-built property sits on a 3.49-acre lot and offers a compelling 7.25% cap rate at an asking price of $5,383,545 ($197.10/sq ft). The property features a strong tenant roster, with 71% of the gross leasable area currently occupied by DaVita and PA Cyber Charter School. These tenants are all current on their rent, demonstrating the stability of the investment. The building benefits from a long history of stable tenancy with minimal turnover and a mix of long-term leases. This prime location within the Harrisburg-Carlisle MSA's primary retail corridor is surrounded by investment-grade tenants and new developments, indicating significant future growth potential. A shovel-ready pad is also available for purchase, presenting an additional opportunity for value enhancement. This NNN-leased property offers a secure and attractive investment for qualified buyers seeking a stable, high-performing asset in a thriving market. The property's strategic location and strong tenant base make it an ideal addition to any diversified real estate portfolio.

Highlights

  • Prime Harrisburg-Carlisle retail location.
  • All tenants are current on rent.
  • Excellent tenant mix with investment-grade neighbors and new developments nearby.
  • DaVita and PA Cyber Charter School occupy 71% of gross leasable area (GLA).
  • Stable tenancy with long-term leases and low turnover.
  • Development opportunity: shovel-ready pad site available for purchase.

Property Details for 479 Port View Dr

Property type
Other office properties, Medical offices
Square Feet
27,314 SF
Year Built
2008
Lot Size (sq. ft)
152,024 SF

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2480963
Longitude
-76.8234883
479 Port View Dr, Harrisburg, Pennsylvania

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479 Port View Dr
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