Property details

State of Pennsylvania S&P Investment-Grade Rated AA, Northeast Region

Property Description

State of Pennsylvania S&P Investment-Grade Rated AA

State of Pennsylvania S&P Investment-Grade Rated AA

Leased to the Pennsylvania State Police

15,000+

15 year Gross Lease.

Lease is flat.

Seller VERY interested in a quick close.

A net Lease investor will acquire a building leased to a highly rated and in one instance the highest credit rating possible at a cap rate far more attractive than a typical NNN leased building.

There is less competition for these types of assets which eliminates a bidding war and keeps the prices down.

Ability to immediately negotiate one on one with the seller.

The fee for a manager to oversee the building is included in the Net Operating Income which minimizes ownership’s direct supervision or provides additional income for hands on ownership.

The tenant for build to suit Government leased buildings will typically remain in the building far beyond the term of the initial lease and all available options.

The buildings are Amazon proof and in the future it is not cost effective for a competitor to construct a new building or for the Government agency to move.



Net Lease Properties For Sale



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Highlights

Status:
Available
Price:
$5,000,000
PSF:
$333
Cap Rate:
6.80%
Rent Increases:
Inquire
 

Property Information

Building Size:
15,000 sq.ft.
Property Type:
Net Lease
Industry Type:
Government
Units/Spaces:
1
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
State of Pennsylvania S&P Investment-Grade Rated AA
Lease Type:
NN
Lease Commencement:
11/02/2018
Lease Expiration:
11/02/2018
Lease Remaining:
15.0 years
Landlord Responsibilities:
Gross Lease
Options:
Inquire
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.