70 W King St | Chambersburg, PA 17201
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70 W King St
Chambersburg, PA 17201
Office Property For Sale
Investment Highlights
- Opportunity to acquire the fee simple interest in a single tenant office building benefiting from a long-term triple net lease.
- Berkshire Hathaway recently renovated the building spending north of $600,000.
- 7 + years of firm term with 2% annual rent escalations.
- This Berkshire Hathaway HomeServices Homesale Realty Guarantor has over 35 + locations.
Executive Summary
Lee & Associates National Investment Services Group (“NISG”) is pleased to present the opportunity to acquire the fee simple interest in a single-tenant office building: Berkshire Hathaway HomeServices Homesale Realty | Chambersburg. This property features a 7,800 SF single-tenant office and retail building across two floors, situated on 0.32 acres at 70 W King Street, Chambersburg, PA 17201.
Berkshire Hathaway HomeServices Homesale Realty recently exercised their five-year renewal option early and completed over $600,000 of improvements to their space, demonstrating a strong commitment to this location. With over seven years remaining in the firm term, this investment offers a reliable passive income stream and long-term occupancy assurance
Berkshire Hathaway HomeServices Homesale Realty recently exercised their five-year renewal option early and completed over $600,000 of improvements to their space, demonstrating a strong commitment to this location. With over seven years remaining in the firm term, this investment offers a reliable passive income stream and long-term occupancy assurance
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
7,800 SF
Building Class
B
Year Built
1900
Price
£1,278,437
Price Per SF
£164
Net Initial Yield
8%
NOI
£102,277
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,800 SF
Building FAR
0.56
Lot Size
0.32 AC
Parking
11 Spaces (1.41 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 05-1C49-041-000000 | Improvements Assessment | £36,486 |
| Land Assessment | £6,199 | Total Assessment | £42,685 |
PROPERTY TAXES
Parcel Number
05-1C49-041-000000
Land Assessment
£6,199
Improvements Assessment
£36,486
Total Assessment
£42,685
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