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225 Columbia Mall Dr - EFO Furniture
30,000 SF Retail Condo Unit Offered at $1,426,470 in Bloomsburg, PA 17815
Investment Highlights
- Tenant at Columbia Mall since 2017
- Executed new 10 year lease on former Bon Ton space across from new Geisinger Hospital development
- EFO operates 4 locations in PA and in business since 1981
- Mall to be completely transformed with new tenants opening Nov 2024 (Michael’s & Ollie’s)
Executive Summary
Capital Commercial Partners is pleased to bring to the market this EFO Furniture Outlet Condo located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with long term tenant at the mall. The tenant moved from the front of the mall and execute a new 10 year lease in the former Bon Ton space. This is a very successful location for EFO and they9ve been a tenant at the mall since 2017 and in business since 1981. The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It9s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings. Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It9s the county seat and the only incorporated town in PA.. This is a unique opportunity for an investor to acquire a great location, excellent return, upside with the mall transformation percentage rent, and at only $47.54 per square foot. This is substantially below replacement cost of more than $200 PSF. The roof & HVAC9s were replaced in 2017 upon the former Bon Ton space lease commencement.
Property Facts
| Price | $1,426,470 | Sale Type | Investment |
| Unit Size | 30,000 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 30,000 SF | Typical Floor Size | 30,000 SF |
| Property Type | Retail (Condo) | Year Built | 1988 |
| Property Subtype | Storefront Retail/Office | Tenancy | Single |
| Price | $1,426,470 |
| Unit Size | 30,000 SF |
| No. Units | 1 |
| Total Building Size | 30,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 30,000 SF |
| Year Built | 1988 |
| Tenancy | Single |
1 Unit Available
Unit EFO
| Unit Size | 30,000 SF | Sale Type | Investment |
| Price | $1,426,470 | Cap Rate | 8.50% |
| Price Per SF | $47.55 | NOI | $121,250 |
| Condo Use | Retail |
| Unit Size | 30,000 SF |
| Price | $1,426,470 |
| Price Per SF | $47.55 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| NOI | $121,250 |
Amenities
- Pylon Sign
- Signage
zoning
| Zoning Code | CC |
| CC |
-
Richard Geisenfeld -
Capital Commercial Partners
Presented by
225 Columbia Mall Dr - EFO Furniture
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