State College, PA 16803,2014 SANDY DR
State College, PA 16803,2014 SANDY DR
State College, PA 16803,2014 SANDY DR
11
$2,500,000
$2,550,000
2.0%
Est.Price: ?

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9,100 SqFt

2014 SANDY DR State College, PA 16803

Est. payment /mo
SOLD DATE : 06/30/2020

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Key Details

Sold Price $2,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,100 sqft

Price per Sqft $274

Subdivision None Available

MLS Listing ID PACE2001006

Sold Date 06/30/20

Style Other

Abv Grd Liv Area 9,100

Originating Board CCAR

Year Built 2003

Annual Tax Amount $22,687

Tax Year 2020

Lot Size 0.760 Acres

Acres 0.76

Property Description

Property Fully Leased!! Agents, 2014 Sandy Drive presents your investors with a truly rare commercial investment opportunity. This Roeshot built property is second to none in terms of craftsmanship, materials and finishes. The highly successful dental business/tenant leases the entire building. In October of 2019 the tenant signed a new, 10 year guaranteed, lease. The lease is a true NNN lease, the owner does not pay any expenses on the property including exterior maintenance and property taxes. Lease rates are excellent and set to increase in 2023. With a very high NOI, at $2.55M valuation places the CAP Rate at 7%. After 2023 rent increases, a 7% CAP increases the valuation to $2.9M. See attachment for additional investment highlights.

Location

State PA

County Centre

Area Ferguson Twp (16424)

Zoning CO

Interior

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Roof Type Shingle

Street Surface Paved

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District State College Area

Others

Tax ID 24-443-021-0000

Ownership Other

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by David Fonash • Kissinger, Bigatel & Brower
Bought with Marc Mcmaster • RE/MAX Centre Realty

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Joann Stamatopoulos

Agent | License ID: 672270

+1(443) 355-1038

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