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UPMC | Everett PA 745 Raystown Rd

8,000 SF Retail Building Everett, PA 15537 $2,400,000 ($300/SF) 7.24% Cap Rate

Retail Buildings Pennsylvania Everett 745 Raystown Rd, Everett, PA 15537

Investment Highlights

  • Corporately guaranteed by Community Medicine Inc., a wholly owned subsidiary of UPMC
  • Recently converted through a complete gut-renovation eliminating any deferred maintenance in the near future
  • UPMC made a substantial investment into the site reducing the possibility of a vacancy in the future
  • Brand new 10-year lease with 10% rental increases every 5 years and 1 x 5yr. option to renew
  • Highly visible and easily accessible via Raystown Road (PA-26) which has traffic counts over 3,800 VPD

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE the UPMC Primary Care Group building in Everett, Pennsylvania. Its strategic location on 2.68 acres along Raystown Road offers high visibility and easy access, with traffic counts exceeding 3,800 vehicles per day. The property benefits from proximity to major interstates and highways, specifically U.S. Route 30, I-99, which connects to State College, PA and Penn State University’s main campus, and the PA Turnpike (I-76). This section of the Turnpike sees 36,543 VPD past the city of Everett.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Year Built/Renovated
2008/2023
Price
$2,400,000
Price Per SF
$300
Cap Rate
7.24%
NOI
$173,873
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
2.68 AC

Links

1 of 1
(215) 603-6914

  • Listing ID: 32408547

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 745 Raystown Rd, Everett, PA 15537

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745 Raystown Rd, Everett, PA for sale Primary Photo- Image 1 of 5
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745 Raystown Rd, Everett, PA for sale Building Photo- Image 3 of 5
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UPMC | Everett PA | 745 Raystown Rd
(215) 603-6914 x

UPMC | Everett PA | 745 Raystown Rd

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Matthew Gorman

(215) 603-6914

(215) 603-6914

Michael Shover

(484) 567-2344

(484) 567-2344

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