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1020-1022 James Dr

14,384 SF 100% Leased Office Building Leesport, PA 19533 $1,875,000 ($130/SF) 7.65% Cap Rate

Medical Offices Pennsylvania Leesport 1020-1022 James Dr, Leesport, PA 19533

Investment Highlights

  • Four-tenant, two-building office investment opportunity located in the heart of Reading, PA located off of Bernville Road (23,377 VPD)
  • Significant under market rents, immediate value-add for a new owner to align with market rates
  • Conveniently situated - merely 2 miles west of the property is the Reading Hospital and downtown reading. The site offers strategic proximity to esse
  • Boasting a robust operational history, tenants have demonstrated enduring commitment to the site, with each renewing their lease for an additional 3 y
  • Professionally managed building with little to no financial burden on the owner for maintenance and upkeep
  • The property is strategically positioned off of route 222 which connects northeast PA with the PA turnpike and bypasses reading to the west which form

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,384 SF
Building Class
B
Year Built
1999
Price
$1,875,000
Price Per SF
$130
Cap Rate
7.65%
NOI
$143,438
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,384 SF
Building FAR
0.16
Land Acres
2.03 AC
Zoning
C - Commercial
Parking
100 Spaces (6.95 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 27-4389-04-80-0265 Improvements Assessment $806,500
Land Assessment $176,700 Total Assessment $983,200

PROPERTY TAXES

Parcel Number
27-4389-04-80-0265
Land Assessment
$176,700
Improvements Assessment
$806,500
Total Assessment
$983,200
(215) 568-2600

  • Listing ID: 30783728

  • Date on Market: 1/25/2024

  • Last Updated:

  • Address: 1020-1022 James Dr, Leesport, PA 19533

More public record information on 1020-1022 James Dr, Leesport, PA 19533

The Office Property at 1020-1022 James Dr, Leesport, PA 19533 is currently available For Sale. Contact MSC for more information.

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1020-1022 James Dr
(215) 568-2600 x

1020-1022 James Dr

Jesse Dubrow

(215) 568-2600

(215) 568-2600

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