Five-Building Suburban Office Portfolio Office FOR SALE


Kingston, PA
$10,250,000 USD
267-252-0191
, Kingston, PA for Sale
$10,250,000 USD
Office - FOR SALE
1/11
null | 6.8% Cap Rate

Five-Building Suburban Office Portfolio
Kingston, PA


HIGHLIGHTS

  • Five-building office portfolio totaling 95,037 rentable square feet in Kingston, PA.
  • Occupancy rate of 96% with a diverse mix of professional office tenants.
  • Located in an affluent suburban market near major routes including Route 309 and I-81.
  • Easy access to the Wilkes-Barre CBD via the Pierce Street Bridge.
  • Offered at less than half of replacement cost, providing strong value-add potential.
  • Ample surface parking and well-maintained Class B construction with brick and stucco finishes.

OVERVIEW

This offering presents a rare opportunity to acquire a five-building suburban office portfolio strategically located in Kingston, Pennsylvania, part of the Scranton–Wilkes-Barre–Hazleton Metropolitan Statistical Area. Totaling 95,037 rentable square feet, the portfolio consists of well-maintained Class B buildings ranging from one to three stories with abundant surface parking. Built between 1978 and 1998, these assets have delivered strong tenancy stability, with 96% occupancy driven by small- to medium-sized firms in healthcare, finance, insurance, legal, and other service-based industries. The properties are positioned in an irreplaceable location with strong barriers to entry and limited new construction, creating a supply-constrained environment. The portfolio benefits from proximity to major transportation routes including Route 309 and I-81, as well as easy access to the Pierce Street Bridge and the Wilkes-Barre Central Business District. The surrounding area combines an affluent residential base with a vibrant retail district and is minutes from the Back Mountain and Mountain Top communities. With favorable in-place occupancy and potential upside through strategic lease restructuring to rentable square feet, this investment presents significant opportunity for value creation. Offered at a material discount to replacement cost, this portfolio offers investors durable income, upside potential, and long-term stability in a growing secondary market.

ASK ABOUT THIS PROPERTY

Jeffrey AlgattColliersMore Info
267-252-0191

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Jeffrey AlgattColliersMore Info
267-252-0191

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