1151 Old York Rd - Medical FOR SALE


Abington, PA 19001
$12,373,870 USD
610-295-5697
1151 Old York Rd, Abington, PA for Sale
$12,373,870 USD
Medical - FOR SALE
1/7
null | 6.15% Cap Rate

1151 Old York Rd
Abington, PA 19001


HIGHLIGHTS

  • An Approximately 20,000 SF Class A Medical Office Building Conveniently Located on Route 611 in an Affluent Medical Corridor,Offering Strategic Access
  • Triple Net Leases With a Weighted Average Lease Term (Walt) of 12.7 Years and Yearly CPI Rent Increases to Hedge Against Inflation
  • The Property is Just Steps Away From Abington Hospital- Jefferson Health, One of the Largest Regional Hospitals in the Greater Philadelphia Area
  • Anchored By Abington Neurological Associates (ANA), Which Has Operated in the Greater Philadelphia Area For a Half- Century

OVERVIEW

Sands Investment Group is Pleased to Present For Sale the Approximately 19,950 SF Class-A Medical Office Building in Abington, PA. Located Just Steps From Abington Hospital-Jefferson Health in an Affluent Medical Corridor, This Triple Net Asset Was the First Ground-Up Development of Premier Outpatient Healthcare Space in the Immediate Vicinity in More Than a Generation. Anchored By Abington Neurological Associates (ANA), the Property Features a Full Block of Frontage on Route 611, Over 12 Years of WALT, Yearly Rent Increases Based on CPI, and an Established Roster of Tenants, Providing an Investor With a Long-Term, Stable Cash Flow. In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BoR: Tom Gorman - Lic. PA #RM424383

FOR SALE DETAILS

PRICE

$12,373,870 USD

PRICE/SF

$620 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hospital Adjacent Medical Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Drug Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

F1

APN/PARCEL ID

30-00-49768-008

ASK ABOUT THIS PROPERTY

Bart TantilloSands Investment GroupMore Info
610-295-5697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bart TantilloSands Investment GroupMore Info
610-295-5697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.