±3,824 SF - LoopNet · 2018-04-17 · John Thiry, CCIM Broker of Record 717 292 8400 [email protected] FOR MORE INFORMATION PLEASE CONTACT Brok ±3,824 SF. OFFICE CONDO

John Thiry, CCIMBroker of Record717 292 [email protected]

F O R M O R EI N F O R M AT I O N

P L E A S EC O N TA C T

John Thiry, CCIMBrok717 292 [email protected]

±3,824 SFOFFICE CONDO INVESTMENTWhite Rose Business Center1 E. Market Street, Suites 204 & 301 York PA 17401

• Sale Price: $205,000• Cap Rate 8.76%• Cash/Cash Return 11.7%

Two (2) contiguous units occupied by singlenational tenant, listed on NYSE as GEO.Centrally located on corner of George and Market Streets - across from Judicial Building, County & City Offices. Walking distance from Central Market, Strand Capital and York Revolution Baseball Stadium.

Demographics 5 Minutes 10 Minutes 15 Minutes

Daytime Population

28,438 49,576 71,135

Avg. HH Income $42,842 $64,856 $89,823

# of Households 10,468 19,249 27,303

F O R M O R EI N F O R M AT I O N

P L E A S EC O N TA C T

FOR SALE

230 Medical CentreSuite 4

SPECIFICATIONS

LISTING AGENT IS PARTNER/OWNER OF PROPERTY. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

White Rose Business CenterSuite 204 & 301

SPECIFICATIONS

SITE DATACounty YorkTownship City of YorkLot Size CondoZoning CBD - Central Business DistrictParking Two (2) Leased Spaces; PublicUtilities Public Water & Sewer; Electric; GasReal Estate Taxes (2017-2018) $10,092.05Tax ID# 02-021-01-0003.00-C0204

02-021-01-0003.00-C0301

BUILDING DATAUnit Area Suite 204: ±1,210 SF

Suite 301: ±2,614 SFNo. of Floors Two (2)Year Built / Renovated 1940 / 2008Construction type Masonry; Steel SidingRoof Flat; RubberCeiling Height 8-10 FtHVAC Gas Heat; Central AirElectric 200 Amps


AERIAL

N G

eorge St

E Market St YorktowneHotel

York CountyCourts

Parking83

462

SITE

108 W. Airport RoadFLOOR PL AN

LOCAL MAP

REGIONAL MAP

White Rose Business CenterSuite 204 & 301LOCATION


White Rose Business CenterSuite 204

FLOOR PL AN

OFFICE

OFFICE

OFFICE

LOBBY

FILE/STORAGE

AREA

GROUP ROOM

BREAKROOM

~Drawing not to scale


White Rose Business CenterSuite 301

FLOOR PL AN

OFFICEOFFICEOFFICE

OFFICE

GROUP ROOM GROUP

ROOM

COMPUTER LAB

AREA

LOBBY AREA

COMMON AREASTAIRCASE

ADMIN

~Drawing not to scale


PHOTOS


PHOTOS

230 Medical CentreSuite 4

LEASE ABSTRACT


NAME: 1 E. Market St UNITS 204 & 301SALE PRICE: $205,000.00# Units 2

REVENUE: OPERATING EXPENSES:SF Monthly Yearly Monthly Yearly

GEO 3,824 4,300.51$ 51,606.08$ Real Estate Taxes: (841.00)$ (10,092.05)$ -$ -$ Property Insurance: (25.25)$ (303.00)$ -$ -$ Repairs & Maintanence: -$ -$ -$ -$ Condo Fee (1,755.85)$ (21,070.24)$ -$ -$ Parking: (182.28)$ (2,187.36)$ -$ -$ Lawn Care: -$ -$ -$ -$ Snow Removal: -$ -$ -$ -$ Trash: -$ -$ -$ -$ Water & Sewer: -$ -$

-$ -$ Electric: -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

-$ -$ Gross Scheduled Income: 4,300.51$ 51,606.08$ Leasing Fees -$ -$ Less Vacancy: 0.00% -$ -$ Management: 0.00% -$ -$

GROSS OPERATING INCOME: 4,300.51$ 51,606.08$ TOTAL OPERATING EXPENSES: (2,804.39)$ (33,652.65)$

MORTGAGE INFORMATION:% Amount Rate Term Monthly P&I

1st Loan 80.000000% 164,000.00$ 4.500% 20 ($1,037.54)2nd Loan*1 0.000000% -$ 0.000% 20 $0.00TOTAL: 164,000.00$ (1,037.54)$

PROPERTY SUMMARY: DEBT COVERAGE RATIO:Monthly Yearly

GROSS OPERATING INCOME: 4,300.51$ 51,606.08$ RATIO: 1.44LESS TOTAL EXPENSES: (2,804.39)$ (33,652.65)$ NET INCOME: 1,496.12$ 17,953.43$ CAP Rate 8.76%LESS TOTAL DEBT SERVICE: (1,037.54)$ (12,450.54)$

Cash/Cash: 11.7%CASH FLOW BEFORE TAXES: 458.58$ 5,502.89$ Total Return: 22.4%

Information is deemed to be reliable, but is not guaranteed.

Pro Forma


PRO FORMA



LEASE ABSTRACT

TENANT: GEO Re-entry Service

LEASED SPACE: ± 3,824 SF

TERM: Three (3) Years with One (1) 3-Year Renewal Option

COMMENCEMENT DATE: January 1, 2014

BASE RENT: 2014 $3,953.53/month

2015 $4,053.60/month

2016 $4,175.21/month

2017 $4,175.21/month

2018 $4,300.51/month

2019 $4,429.53/month

SECURITY DEPOSIT $3,935.53

TENANT PAYS: Interior repairs up to $300 per occurrence, data, security, and interior janitorial for their space.

LANDLORD PAYS: All operating expenses (Condo Fee), structural maintenance, repairs and replacements over $300 per occurrence, real property taxes, property casualty insurance, utilities including electric, water and sewer and two (2) parking spaces at the East Market Street Parking Garage.

KEY FACTS

28,438Population

31.7

Median Age

10,468Households

$26,265Median Disposable Income

INCOME

$31,082Median Household

Income

$16,446Per Capita Income

$12,857Median Net Worth

BUSINESS

1,355Total Businesses

22,088Total Employees

EMPLOYMENT

44%White Collar

32%Blue Collar

24%Services

16.3%

UnemploymentRate

EDUCATION

24%

No HighSchool

Diploma 42%High School

Graduate

21%Some College 13%

Bachelor's/Grad/ProfDegree

ANNUAL HOUSEHOLD SPENDING

$1,195Apparel &Services

$98Computers &

Hardware

$1,827Eating Out

$2,896Groceries

$2,823Health Care

Households By IncomeThe largest group: <$15,000 (23.9%)The smallest group: $200,000+ (0.9%)Indicator Value Difference

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$75,000 - $99,999

$100,000 - $149,999

$150,000 - $199,999

$200,000+

23.9%

14.0%

16.6%

15.2%

15.8%

5.4%

7.2%

1.0%

0.9%

+16.5%

+4.9%

+8.3%

+2.2%

-5.1%

-11.0%

-8.1%

-4.7%

-3.1%

Bars show deviation from

York County

White Rose Business CenterDEMOGRAPHICS

5 Minute Drivetime

KEY FACTS

49,576Population

36.6

Median Age

19,249Households


INCOME


Income



BUSINESS



EMPLOYMENT

57%White Collar

27%Blue Collar

16%Services

8.1%

UnemploymentRate

EDUCATION

24%

No HighSchool


Graduate

21%Some College 13%




$98Computers &

Hardware

$1,827Eating Out

$2,896Groceries

$2,823Health Care

Households By IncomeThe largest group: $50,000 - $74,999 (20.7%)The smallest group: $200,000+ (2.6%)

DifferenceValueIndicator

<$15,000

$15,000 - $24,999

$25,000 - $34,999

$50,000 - $74,999

$35,000 - $49,999

$75,000 - $99,999

$100,000 - $149,999

$150,000 - $199,999

$200,000+

11.6%

11.1%

12.8%

20.7%

13.7%

10.5%

13.2%

2.6%

3.8%

+4.2%

+4.5%

+2.0%

-0.2%

+0.7%

-5.9%

-2.1%

-1.9%

-1.4%


York County


10 Minute Drivetime

KEY FACTS

71,135Population

44.0

Median Age

27,303Households


INCOME


Income



BUSINESS



EMPLOYMENT

66%White Collar

21%Blue Collar

14%Services

4.3%

UnemploymentRate

EDUCATION

24%

No HighSchool


Graduate

21%Some College 13%




$98Computers &

Hardware

$1,827Eating Out

$2,896Groceries

$2,823Health Care

Households By IncomeThe largest group: $100,000 - $149,999 (18.2%)The smallest group: <$15,000 (5.2%)

ValueIndicator Difference

<$15,000

$25,000 - $34,999

$15,000 - $24,999

$35,000 - $49,999

$50,000 - $74,999

$75,000 - $99,999

$100,000 - $149,999

5.2%

$150,000 - $199,999

$200,000+

8.5%

8.5%

13.1%

18.0%

18.2%

15.5%

6.4%

6.6%

-2.2%

-0.6%

+0.2%

-2.9%

+0.1%

+1.8%

+0.2%

+2.4%

+0.9%


York County


15 Minute Drivetime

Documents

±3,824 SF - LoopNet · 2018-04-17 · John Thiry, CCIM Broker of Record 717 292 8400 [email protected] FOR MORE INFORMATION PLEASE CONTACT Brok ±3,824 SF. OFFICE CONDO