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SPARK ORTHODONTICS 1620 Mount Hope Ave

4,200 SF Office Building Pottsville, PA 17901 $794,711 ($189/SF) 8.25% Cap Rate

Office Space Pennsylvania Pottsville 1620 Mount Hope Ave, Pottsville, PA 17901

Investment Highlights

  • Healthcare Real Estate — Healthcare properties are highly sought after for their resistance e-commerce and resilience against economic downturns
  • Sticky Investment — Dental clinics rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving
  • Kids are the target demographic of any orthodontics clinic, and the property is walking distance from elementary, middle, and high schools
  • — With minimal landlord responsibilities, recession resistant tenant, a long-term lease, and corporate guarantee, this is an idea property for local o
  • Strong Inflation Hedge —The lease features attractive 3% annual rent increases, providing a great hedge against inflation
  • Attractive Rent/SF —The tenant is paying just $15.61/SF, which is below the average for orthodontics practices

Executive Summary

Broker of Record
Kyle Matthews
License No. RM423998 (PA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
4,200 SF
Building Class
B
Year Built/Renovated
1999/2016
Price
$794,711
Price Per SF
$189
Cap Rate
8.25%
NOI
$65,564
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,200 SF
Building FAR
0.29
Land Acres
0.33 AC
Zoning
R-1 - Single Family Residential
Parking
10 Spaces (2.38 Spaces per 1,000 SF Leased)

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PROPERTY TAXES

Parcel Number 68-24-0004.001 Improvements Assessment $76,245
Land Assessment $14,250 Total Assessment $90,495

PROPERTY TAXES

Parcel Number
68-24-0004.001
Land Assessment
$14,250
Improvements Assessment
$76,245
Total Assessment
$90,495
(310) 955-1774

  • Listing ID: 33540114

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 1620 Mount Hope Ave, Pottsville, PA 17901

More public record information on 1620 Mount Hope Ave, Pottsville, PA 17901

The Office Property at 1620 Mount Hope Ave, Pottsville, PA 17901 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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SPARK ORTHODONTICS | 1620 Mount Hope Ave
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SPARK ORTHODONTICS | 1620 Mount Hope Ave

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Thor St John

(310) 955-1774

(310) 955-1774

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(949) 432-4513

(949) 432-4513

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