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HMS Networks Sale Leaseback - York, PA 1750 5th Ave

43,024 SF Office Building York, PA 17403 £6,076,999 (£141/SF) 6.50% Net Initial Yield

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Investment Highlights

HMS Networks AB is an International Company in the Field of Industrial Information and Communication Technology (Industrial ICT)
Annual Rental Increases of 2% During Both the Primary Term and Option Periods Ensures Steady Growth in Net Operating Income (NOI)
HMS Networks Has a Strong Track Record of Operational Excellence

This Investment Offers a New 10 Year Lease Term Commencing at Close of Escrow; With Two Additional 5 Year Options
No Landlord Responsibilities; Eliminating Operational Burden and Maintenance Costs For the Landlord
HMS is Headquartered in Halmstad; Sweden and is Listed on the Nasdaq Nordic Stock Exchange; HMS Employs 1200 People

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 43,024 SF Office Asset Located in a Prime Location in York, PA. The Tenant is HMS Networks AB, an International Company in the Field of Industrial Information and Communication Technology (Industrial ICT). HMS is Headquartered in Halmstad, Sweden and is Listed on the Nasdaq Nordic Stock Exchange. They Have 1200 Employees and Reported Sales of 267 Million Euro in 2023. HMS Networks AB Will Lease the Building Back From the Buyer on an Absolute Net Basis With an Initial Term of 10 years, Offering the Buyer Long-Term Stable Returns.

In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BOR: Tom Gorman - Lic. PA #RM424383

Property Facts

Sale Type

Investment

Sale Condition

Sale & Leaseback

Property Type

Office

Property Subtype

Medical

Building Size

43,024 SF

Building Class

Year Built/Renovated

1988/2023

Price

£6,076,999

Price Per SF

£141

Net Initial Yield

6.50%

NOI

£395,005

Tenancy

Single

Number of Floors

Typical Floor Size

14,341 SF

Building FAR

0.18

Land Acres

5.50 AC

Zoning

CM - Conservation Management Zone

Parking

200 Spaces (4.64 Spaces per 1,000 SF Leased)

Amenities

Air Conditioning

MAJOR TENANTS

HMS Networks AB
Administrative and Support Services
43,024 SF
£9.18
-

Tenant	Industry	SF OCCUPIED	RENT/SF			Lease End
HMS Networks AB	Administrative and Support Services	43,024 SF	£9.18			-

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