60 Shillington Rd
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60 Shillington Rd
11,540 SF 100% Leased Flex Building Sinking Spring, PA 19608 $675,000 ($58/SF) 17% Cap Rate
Executive Summary
This property offers a versatile and attractive investment opportunity, featuring an open flex layout on the first floor and well-appointed offices on the elevator-served second floor. Located in a rapidly growing area with excellent highway access, it is perfectly suited for office or flex-space requirements. The high-growth location ensures increasing demand and long-term value. Additionally, the seller is open to leasing back approximately 2,500 square feet, providing the new owner with an immediate income stream and added flexibility.
The owner is willing to consider either a full or partial lease arrangement with a tenant. In the case of a partial lease, the owner would retain approximately 2,500 square feet on the first floor while leasing the remaining 9,040 square feet. This option is also available as part of a sale. Lease rates are expected to range from $8.00 to $9.00 per square foot, depending on factors such as the lease term, tenant credit, and the condition in which the space is delivered.
The owner is willing to consider either a full or partial lease arrangement with a tenant. In the case of a partial lease, the owner would retain approximately 2,500 square feet on the first floor while leasing the remaining 9,040 square feet. This option is also available as part of a sale. Lease rates are expected to range from $8.00 to $9.00 per square foot, depending on factors such as the lease term, tenant credit, and the condition in which the space is delivered.
Financial Summary (Actual - 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 |
Net Operating Income | - | - |
Financial Summary (Actual - 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 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 79-4386-10-35-7623 | Improvements Assessment | $360,300 (2024) |
Land Assessment | $127,400 (2024) | Total Assessment | $487,700 (2024) |
PROPERTY TAXES
Parcel Number
79-4386-10-35-7623
Land Assessment
$127,400 (2024)
Improvements Assessment
$360,300 (2024)
Total Assessment
$487,700 (2024)
zoning
Zoning Code | C-2 |
C-2 |
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60 Shillington Rd
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