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$1,800,000

702-708 N Jefferson, New Castle, PA 16101

Active #1758015
New Castle/1stLawrence County
Office0.5 Acres
708 & 712 North Jefferson Street is a fully leased, income-producing medical facility offered at $1,800,000 with a Year 1 NOI of $270,194 "” representing a 14.81% cap rate on the purchase price. Three established medical tenants occupy the property under existing leases generating $34,300 per month ($411,600 annually) in gross rental income. With a 37.24% cash-on-cash return on a $385,000 down payment and a 2.13x debt coverage ratio, this is a rare stabilized medical asset with exceptional in-place returns and significant appreciation potential. ¦ 14.81% Cap Rate "” Day One. With $270,194 in NOI against a $1,800,000 asking price, this property delivers an exceptional yield. Medical office assets nationally trade at 6-8% cap rates. This one is nearly double that "” in place, today. ¦ Fully Leased "” Three Established Medical Tenants. Edgewood Surgical, Retina Eye of Cleveland, and Lawrence County Eye Associates (LCEA) are all in place and paying. No lease-up risk, no vacancy "” just cash flow from Day
Presented ByIntegrity Plus Realty
General Information
For Sale Building, Land
Lot Size 210 x 105
Taxes $33,617
Zoning C-1,
Exterior Features
Access City
Utilities
Utilities Available Electricity, Gas, Sewer, Water

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Listing courtesy of REAL OF PENNSYLVANIA

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