MLS® ID: PAYK103908
120 PENN STREET
HANOVER, Pennsylvania, 17331 $450,000
This is an incredible investment opportunity with a 10.6% cap rate. The building is 7,160 sqft of medical office space already leased. Current lease is a 20 year lease renewable every 5 years with an escalation clause. With UPMC purchasing Hanover Hospital, OSS Hanover adding partners and the new WellSpan building in town; renting this should be simple after the lease is fulfilled. The office space is set up perfectly for a Dentist or Chiropractic office. The current rental agreement is a triple net lease and includes a half basement downstairs with optional separate entrance. The financial information, property details, and lease is available upon request. Must sign NDA agreeing to not share financial information.