4970 Demoss Rd | Reading, PA 19606
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4970 Demoss Rd
Reading, PA 19606
SAI MedPartners · Office Property For Sale
Investment Highlights
- he Subject Property is the world corporate headquarters of SAI MedPartners, a global healthcare/medical consulting firm with offices worldwide
- The NNN lease is corporately guaranteed by SAI MedPartners as well as personally guaranteed by the company’s founder and CEO, Erik Nordhoy
- The tenant recently spent approximately $2M on renovations to the property, including a partial roof replacement with a 20yr transferrable warranty
- SAI currently occupies the 2nd and 3rd floors, leaving themselves room to grow and expand into the first floor
- SAI recently executed a long-term, 12-year NNN lease, placing the responsibility for all expenses, include capital expenditures
- The lease offers rare annual 2.5% rental increases in the base term and FMV increases in the option periods, increasing landlord returns every year
PROPERTY FACTS
Property Type
Office
Building Size
29,024 SF
Building Class
B
Year Built
2006
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,674 SF
Building FAR
0.35
Lot Size
1.90 AC
Zoning
C-N - commercial
Parking
100 Spaces (3.44 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 43-5325-08-89-5424 | Improvements Assessment | $2,484,900 |
| Land Assessment | $386,400 | Total Assessment | $2,871,300 |
PROPERTY TAXES
Parcel Number
43-5325-08-89-5424
Land Assessment
$386,400
Improvements Assessment
$2,484,900
Total Assessment
$2,871,300
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