UPMC Primary Care | 1550 Rodney Rd
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UPMC Primary Care 1550 Rodney Rd
10,000 SF Retail Building York, PA 17408 £2,367,000 (£237/SF) 6.70% Net Initial Yield
Investment Highlights
- 10-Year Lease Extension to Commence January 2025 | New Extension Allows UPMC to Expand Footprint in Building to 100%
- Synergistic Multi-Specialty Medical Facility | UPMC Provides Primary Care & Lab Services at Location
- Annual Rental Increases Provides Hedge Against Inflation | 2.5% Annual Rental Increases Scheduled Throughout Current Term
- Landlord Friendly Lease Structure | Triple Net Lease Provides Ownership with Passive Investment
- Significant CapEx Invested by Tenant & Landlord | $777,000+ Capital Improvements Made by Tenant | Parking Lot Completely Replaced by Landlord in 2024
- Ideal Location Adjacent from UPMC Memorial Hospital | 104-Bed 2019 Construction Hospital with All Private Patient Rooms
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
Year Built
1992
Price
£2,367,000
Price Per SF
£237
Net Initial Yield
6.70%
NOI
£158,589
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
1.84 AC
Zoning
CM
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
163 ft on Rodney Road
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 51-000-30-0021.00-00000 | Improvements Assessment | £421,673 |
Land Assessment | £207,452 | Total Assessment | £629,125 |
PROPERTY TAXES
Parcel Number
51-000-30-0021.00-00000
Land Assessment
£207,452
Improvements Assessment
£421,673
Total Assessment
£629,125
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UPMC Primary Care | 1550 Rodney Rd
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