1155 Schadt Ave - Bank FOR SALE


Whitehall, PA 18052
$2,000,000 USD
917-697-3215
1155 Schadt Ave, Whitehall, PA for Sale
$2,000,000 USD
Bank - FOR SALE
1/2
null | 6.25% Cap Rate

1155 Schadt Ave
Whitehall, PA 18052


HIGHLIGHTS

  • Corporate Lease with S&P A+ Tenant
  • Ground Lease with No Landlord Responsibilities
  • In-Place Lease with Built-In Rent Bumps
  • High Bank Deposits – Over $206 Million!

OVERVIEW

SURMOUNT™ is pleased to present this exclusive listing for a Wells Fargo Bank located at 1155 Schadt Avenue, Whitehall, PA 18052. The property consists of approximately 3,464 rentable square feet of building space situated on a 1.14-acre parcel under a long-term ground lease. This Wells Fargo is subject to an in-place absolute triple net (NNN) lease, with minimal landlord responsibilities and two 5-year renewal options remaining. The current annual rent is $125,000, reflecting a 7.50% capitalization rate, and the lease includes 10% rental increases during the option periods.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wells Fargo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C-2

APN/PARCEL ID

549865535122-1

ASK ABOUT THIS PROPERTY

Anthony BirdSurmountMore Info
917-697-3215

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Anthony BirdSurmountMore Info
917-697-3215

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