1320 Mickley Rd - Medical FOR SALE


Whitehall, PA 18052
$3,706,000 USD
215-531-7000
1320 Mickley Rd, Whitehall, PA for Sale
$3,706,000 USD
Medical - FOR SALE
1/5
null | 6.75% Cap Rate

1320 Mickley Rd
Whitehall, PA 18052


HIGHLIGHTS

  • 5 Years Remaining on Corporate Lease with Fresenius (NYSE: FMS)
  • 3% Annual Increases Throughout the Base Term and Renewal Options
  • Growing Trade Area in the Allentown MSA - 224,505 Residents within a 5-Mile Radius
  • Located in a Dense Retail Corridor in Immediate Proximity to Walmart, Lowe's, Whitehall Mall, Lehigh Valley Mall, and Other National Tenants
  • Fresenius Medical Care Operates ±3,700 Dialysis Clinics Across the Globe
  • Average Household Income Exceeds $83,000 in the Surrounding Area

OVERVIEW

Fresenius Medical Care (NYSE: FMS) is the world's leading provider of products and services for individuals with renal diseases, of which approximately 4.2 million patients worldwide regularly undergo dialysis treatment. Dialysis is a vital blood cleansing procedure that substitutes the function of the kidneys in case of kidney failure. Fresenius Medical Care offers products and services along the entire dialysis value chain from a single source. Whitehall Township is a township in Lehigh County, Pennsylvania, home to roughly 29,000 residents. Whitehall Township is a suburb of Allentown in the Lehigh Valley metropolitan region, which has a population of over 862,000 people. The township is roughly 64 miles northwest of Philadelphia and 94 miles west of New York City.

FOR SALE DETAILS

PRICE

$3,706,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius - Corporate Guarantee

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

C-1

APN/PARCEL ID

549875100302-1

ASK ABOUT THIS PROPERTY

Timothy Stephenson, Jr.Marcus & MillichapMore Info
215-531-7000

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Timothy Stephenson, Jr.Marcus & MillichapMore Info
215-531-7000

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