$3,250,000 $17,447 est/mo Sourced by Back At You

2124 Ambassador Cir,Lancaster, PA 17603

Lancaster PA, 17603

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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 6.2% 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.

Details

MLS#PALA2042956
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1994
Days On Site259
Listing Provided ByPPM Real Estate, Inc. | Corinn E. Kirchner
Buying Commision2% Of Gross

Features

ZoningREGIONAL COMMERCE CTRZONE
Acreage3.20
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Learn More About This Property

StatePA
CountyLancaster
CityLancaster
Zip Code17603
AreaEast Hempfield Twp
School DistrictHempfield
Listing VS Median (in 17603)
Price:
$3,250,000
low | high
Med:
$0
On Site:
259
low | high
Med:
Sourced by Back At You
Listing Updated: July 16, 2024 at 2:27:20 PM PDT