225 Columbia Mall Dr - Department Store CONDO FOR SALE


Bloomsburg, PA 17815
$2,365,012 USD
937-367-6656
225 Columbia Mall Dr, Bloomsburg, PA for Sale
$2,365,012 USD
Department Store CONDO - FOR SALE
1/3
null | 8% Cap Rate

225 Columbia Mall Dr
Bloomsburg, PA 17815


HIGHLIGHTS

  • Corporate guaranty from Ollie’s with $4.86B market cap
  • Replaceable rents at $9 PSF with .35 PSF rent increases in options
  • Ollie’s space will have new roof , HVAC’s, and parking lot
  • Mall in process of complete transformation into open air lifestyle center
  • 46,000 cars per day
  • Priced at only $85.95 PSF and well below replacement cost of $200+ PSF

OVERVIEW

UPDATE: Amazon just purchased a data center in Berwick less than 15 miles from the interchange for $650,000,000. TikTok and Meta are both building 1M SF data centers around it. Several new townhome and apartment developments are going in on sites surrounding the mall creating significantly more demand within the submarket. TRAFFIC: Placer.ai data shows 842,000 monthly site visits at the interchange with Columbia Mall receiving 246,000+ Capital Commercial Partners is pleased to bring to the market this Ollie’s located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with corporate guaranty from Ollie’s (NASDAQ: OLLI) with a $5.79B market cap. The tenant executed a new 8-year lease with a rent commencement of December 2024. Ollie’s has been incredibly busy since they opened demonstrating an accurate sales forecasting model of strong store sales. The mall is in the process of undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. This is a unique opportunity for an investor to acquire a great location, excellent return, corporate guaranty, tremendous upside with the mall redevelopment, and at only $98.33 per square foot; substantially below replacement cost of more than $200 PSF. The condo has been completely renovated with new roof, HVAC’s, plumbing, electrical, and parking lot.

FOR SALE DETAILS

PRICE

$2,365,012 USD

PRICE/SF

$91 USD /SF

CAP RATE

8%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ollie's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

26,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.85 AC

LAND SF

385,506 SF

ZONING

-

APN/PARCEL ID

18-02-048-03-000

ASK ABOUT THIS PROPERTY

Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

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Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

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