5053 Ritter Rd
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5053 Ritter Rd
20,586 SF 71% Leased Office Building Mechanicsburg, PA 17055 $3,080,000 ($150/SF) 7.40% Cap Rate
Investment Highlights
- Natural Light
- Class A Office Building
- Incredible Location
Executive Summary
Fantastic 20,720 SF Class A 2-story office building on 1.82 acres and located in the highly desired Rossmoyne Business Center in Mechanicsburg, Pennsylvania. Building renovations include 2nd floor tenant fit out completed August 2020, parking lot repaved 2018, new concrete sidewalks, steps and handrails installed 2018, and common area and lobby renovations completed September 2020. Building is 75% leased to two tenants - long time 1st floor tenant currently negotiating renewal for entire first floor; 2nd floor tenant occupies 5,578 SF with lease expiration of 9/30/2025. Parking ration 5.2/1,000 SF (107 spaces). Large windows provide plenty of natural light and great views of the surrounding business park. The Rossmoyne Business Center is located just off of Route 15 and the Pennsylvania Turnpike (I-76). Interstates 81, 83, 581 and the Harrisburg International Airport are within a 10 minute drive. Local restaurants, shopping, lodging, and entertainment are within walking distance of the property. This building is in perfect condition and won't last!
Financial Summary (Actual - 2021) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 or Owner User
Property Type
Office
Building Size
20,586 SF
Building Class
B
Year Built
1989
Price
$3,080,000
Price Per SF
$150
Cap Rate
7.40%
NOI
$228,000
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,293 SF
Building FAR
0.26
Lot Size
1.82 AC
Zoning
Commercial - Professional Office
Parking
107 Spaces (5.2 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Security System
- Signage
- Central Heating
- Fully Carpeted
- Natural Light
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Paytime Inc
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
- -
- Simon Lever
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Paytime Inc | Professional, Scientific, and Technical Services | 99,999 SF | - | - | ||
| Simon Lever | - | 99,999 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
2,250 SF office space is fully customizable to suit your needs. The property is under new local ownership and management and the Landlord is offering TI commensurate with the lease term. Lease is full service excluding in-suite janitorial. The space is available now and won't last!
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,400 SF | Office | Full Build-Out | Now |
1st Fl-Ste 102
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 102
| Size | 2,400 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2,250 SF office space is fully customizable to suit your needs. The property is under new local ownership and management and the Landlord is offering TI commensurate with the lease term. Lease is full service excluding in-suite janitorial. The space is available now and won't last!
PROPERTY TAXES
| Parcel Number | 42-10-0256-031 | Improvements Assessment | $2,131,500 (2024) |
| Land Assessment | $228,600 (2024) | Total Assessment | $2,360,100 (2024) |
PROPERTY TAXES
Parcel Number
42-10-0256-031
Land Assessment
$228,600 (2024)
Improvements Assessment
$2,131,500 (2024)
Total Assessment
$2,360,100 (2024)
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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5053 Ritter Rd
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