745 Raystown Rd - Freestanding FOR SALE


Everett, PA 15537
$2,318,000 USD
215-603-6914
745 Raystown Rd, Everett, PA for Sale
$2,318,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

745 Raystown Rd
Everett, PA 15537


HIGHLIGHTS

  • The property is backed by a strong corporate guarantee from Community Medicine Inc., a wholly owned subsidiary of UPMC.
  • UPMC signed a brand new 10-year lease with 10% rent increases every five years and one 5-year renewal option.
  • UPMC fully transformed the building into a state-of-the-art primary care facility with modern healthcare technology.
  • The 2.68-acre parcel offers future redevelopment potential thanks to its oversized footprint.
  • The building underwent a full renovation, delivering a turnkey medical facility with no deferred maintenance.
  • The net lease structure minimizes landlord responsibilities, and the site benefits from excellent visibility and regional highway access.

OVERVIEW

CBRE is pleased to exclusively present for sale the UPMC Primary Care Group building in Everett, Pennsylvania. Its strategic location on 2.68 acres along Raystown Road offers high visibility and easy access, with traffic counts exceeding 3,800 vehicles per day. The property benefits from proximity to major interstates and highways, specifically U.S. Route 30, I-99, which connects to State College, PA and Penn State University’s main campus, and the PA Turnpike (I-76). This section of the Turnpike sees 36,543 VPD past the city of Everett. The property boasts a strong corporate guarantee from Community Medicine Inc., a UPMC subsidiary, securing a new 10-year lease with 10% rental increases every 5 years and 1 x 5yr. renewal option. Furthermore, the recent complete gut-renovation transformed the building into a state-of-the-art medical facility, minimizing future maintenance costs. With a double-net lease structure, minimal landlord responsibilities, and potential for future redevelopment on the oversized parcel, this investment opportunity offers long-term stability and growth potential in a thriving submarket. Surrounded by retail amenities, the building enjoys a convenient location near grocery stores, dining options, the Everett Free Library, and Tenley Park. Additionally, national retailers like Dollar General and Family Dollar contribute to the area's convenience, fostering a stable and growing demographic environment. With average household incomes ranging from $72,000 to $76,000 within the 3, 5, and 10-mile radius, and a growing population density, the property is positioned for sustained growth.

FOR SALE DETAILS

PRICE

$2,318,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UPMC Primary Care | Everett, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

-

APN/PARCEL ID

260-018053

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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