2124 Ambassador Cir , Lancaster, PA 17603
Lancaster, PA 17603
Description
Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
Details
| MLS# | PALA2042956 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1994 |
| Days On Site | 332 |
| Listing Provided By | PPM Real Estate, Inc. | Corinn E. Kirchner |
Features
| Zoning | REGIONAL COMMERCE CTRZONE |
|---|---|
| Acreage | 3.20 |
Market Activity 17603
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Learn More About This Property
| State | PA |
|---|---|
| County | Lancaster |
| City | Lancaster |
| Zip Code | 17603 |
| Area | East Hempfield Twp |
| School District | Hempfield |
| Listing VS Median (in 17603) | |
Price: $3,250,000 low | high Med: $249,900 On Site: 332 low | high Med: 52.500000 | |