Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
Basic Details
Property Type: Commercial Sale
Listing Type: For Sale
Listing ID: PALA2042956
Price: $3,250,000
Year Built: 1994
Lot Area: 3.20 Acre
Status: Active
Office Name: PPM Real Estate, Inc.
Agent Name: Corinn E. Kirchner
Roof: Flat
Property Sub Type: Special Purpose
Features
Heating System: Forced Air
Cooling System: Central A/C
Sewer: No Sewer System
Address Map
County: LANCASTER-PA
City: Lancaster
Zipcode: 17603
Street: AMBASSADOR
Street Number: 2124
Street Suffix: CIRCLE
Zoning: REGIONAL COMMERCE CTRZONE
Municipality: East Hempfield Twp (10529)
Directions: Located between Good Drive & Rohrerstown Rd on Ambassador Circle. Situated immediately behind Lowe's Home Improvement
Additional Information
Water Source: None
Lot Features: Level
On Market Date: 2023-11-08
Accessibility Features: No Stairs
Construction Materials: Block
Foundation Details: Slab
Business Type: Other
Listing Information
Mls Status: ACTIVE-BRIGHT
List Agent Mls Id: 3234614
List Office Mls Id: 1120
Financial
Tax Annual Amount: 33205.72
Commercial Sale For Sale
Listing ID : PALA2042956
Lot Area : 3.20 Acre
$3,250,000
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