1130 PA Rte 315 | 1130 Highway 315 Blvd
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1130 PA Rte 315 1130 Highway 315 Blvd
27,862 SF 100% Leased Office Building Wilkes Barre Township, PA 18702 $3,950,000 ($142/SF) 7.01% Cap Rate
Investment Highlights
- High visibility location with excellent regional access to highways ( I-81, PA Rte 315, PA Rte 115, PA Rte 309)
- Additional 6880 RSF available to lease provides income upside potential.
- Glass entry doors with glass atrium lobby provides ample natural light.
- 3 quality tenants (2 National, 1 Regional) with ample remaining term on leases provides income stability
- Large lighted pylon sign at frontage entrance. 200' of frontage on busy PA Rte 315.
- Many amenities nearby (restaurants, gas/convenience, hospitality, casino, etc.)
Executive Summary
Investment property with 3 quality tenants with substantial term remaining, occupying +/- 75% of the available rentable square feet. An additional 6880 RSF provides upside leasing potential. Financial information available upon request and submission of confidentiality agreement.
Data Room Click Here to Access
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
27,862 SF
Building Class
B
Year Built/Renovated
2001/2021
Price
$3,950,000
Price Per SF
$142
Cap Rate
7.01%
NOI
$277,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
13,931 SF
Building FAR
0.40
Land Acres
1.60 AC
Zoning
B-3 Highway Commercial - B-3 Highway Commercial allows professional office space, medical office space, retail space, restaurants, financial institutions, etc
Amenities
- Atrium
- Accent Lighting
- Central Heating
- Drop Ceiling
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 50-G11S1-004-002-000 | Total Assessment | $2,500,000 (2024) |
| Land Assessment | $480,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,020,000 (2024) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
50-G11S1-004-002-000
Land Assessment
$480,000 (2024)
Improvements Assessment
$2,020,000 (2024)
Total Assessment
$2,500,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
-
Griff Keefer -
Hinerfeld Commercial Real Estate
(570) 207-4100
x212
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1130 PA Rte 315 | 1130 Highway 315 Blvd
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