1000 Alliance Dr - Medical FOR SALE
Hazleton, PA 18202 |
$5,483,739 USD
630-854-9717
1000 Alliance Dr
Hazleton, PA 18202
HIGHLIGHTS
- Premier Health System Operator: On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health
- Investment Grade Credit Backed Lease: The lease is backed by a full corporate guarantee from Lehigh Valley Health Network, Inc.
- Absolute Net Lease Structure: The agreement is an absolute net lease where the Tenant is responsible for all operating expenses
- Long-Term Lease: The property features a fifteen (15) year initial term with over 14 years remaining, providing long-term stability and cash flow.
- Attractive Rent Growth: The lease includes 2.5% annual rental escalations throughout the lease term, offering investors consistent rent growth
- Direct Expense Management: The Tenant manages and pays for all operating expenses directly, including real estate taxes, insurance, and utilities.
FOR SALE DETAILS
PRICE
$5,483,739 USD
PRICE/SF
$419 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LeHigh Valley Health Network | 14 Yr Abs NNN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.58 AC
LAND SF
243,261 SF
ZONING
B-2
APN/PARCEL ID
26-S7-00A-28K-000
ASK ABOUT THIS PROPERTY
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630-854-9717
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630-854-9717
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