1375 Martin Street, State College, PA 16803 • 814-231-8200

2014 SANDY DRIVE

State College PA 16803 Sq Ft: 9100 | MLS #: 67583
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North on Science Park Rd. Sandy Drive on Right, Property on Corner

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Property Summary:

Property Fully Leased!! Agents, 2014 Sandy Drive presents your investors with a truly rare commercial investment opportunity. This Roeshot built property is second to none in terms of craftsmanship, materials and finishes. The highly successful dental business/tenant leases the entire building. In October of 2019 the tenant signed a new, 10 year guaranteed, lease. The lease is a true NNN lease, the owner does not pay any expenses on the property including exterior maintenance and property taxes. Lease rates are excellent and set to increase in 2023. With a very high NOI, at $2.55M valuation places the CAP Rate at 7%. After 2023 rent increases, a 7% CAP increases the valuation to $2.9M. See attachment for additional investment highlights.

MLS# 67583

Business Type
Professional/Office
Type
Commercial
Year Built
2003
Heat
Forced Air
Fuel
Natural Gas
Lot Acres | Sq. Ft.
0.76 acres | 0 sq. ft.
Total Taxes
$22687
Garage
Paved
A/C
Central
Status
Pending
Subdivision
None
School District
State College
Basement
Shingle
Total Sq. Ft.
9100
MLS #
67583
Number of Stories
0
Number of Units
2
OR
OR

PRINCIPAL & INTEREST ${{ vm.principal }}

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Interest rate and PMI are from 3rd party sources and are not guaranteed.


Listing Agent DAVID FONASH
Office
KISSINGER BIGATEL & BROWER/S
REQUEST SHOWING
  • Commercial Features Office Space
  • Building Features Sprinkler
  • Exterior Stone,Brick,Stucco
  • Roof Shingle
  • Builder
  • New Construction Yes
Sq. Footages
Above Grade Finished Sq. Ft.
Below Grade Finished Sq. Ft.
Below Grade Unfinished Sq. Ft.
Total Finished Sq. Ft.
9100
  • Farm Type Operating Expenses,APOD,Cash Flow Statement,Net Operating Income
  • Driveway Sprinkler
  • Sewer Brick
  • Water Public Sewer
  • County Centre
  • Municipality 24-Ferguson Township
  • Zoning CO
  • Property Code 24-443-021-0000
  • Possession Close Of Escrow
  • Total Taxes $22687
  • Assessed Value 0