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Property Description

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% cap rate (Est. NOI of $196,303.45). 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. SHOWINGS MAY OCCUR MON-THURS STARTING AT 4:45PM.

Features
0
: Block
: Slab
: No Stairs
N
: Electric
: Natural gas
: Natural gas
0
: Level
N
N
N
MLS Addon
PPM Real Estate, Inc.
Corinn E. Kirchner
Annually
Annually
121155319950
HEMPFIELD
0 Acre
0 Acre
0
0 Acre
No
: Standard
$34,697
2022
REGIONAL COMMERCE CTRZONE
: No Sewer System
Other
Commercial Features
0 Acre

Commercial Sale

2124 AMBASSADOR CIRCLE, LANCASTER, Pennsylvania 17603

3.20 Acre
$3,250,000
Listing ID #PALA2042956
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PALA2042956
Price : $3,250,000
Year Built : 1994
Lot Size : 3.20 Acre
State : PA
County : LANCASTER
City : LANCASTER
Zipcode : 17603
Status : ACTIVE
Property Sub Type : Special Purpose
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