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UPMC Primary Care 1550 Rodney Rd

10,000 SF Retail Building York, PA 17408 $4,214,040 CAD ($421 CAD/SF) 6.70% Cap Rate

Retail Space Pennsylvania York 1550 Rodney Rd, York, PA 17408

Investment Highlights

  • 10-Year Lease Extension to Commence January 2025 | New Extension Allows UPMC to Expand Footprint in Building to 100%
  • Synergistic Multi-Specialty Medical Facility | UPMC Provides Primary Care & Lab Services at Location
  • Annual Rental Increases Provides Hedge Against Inflation | 2.5% Annual Rental Increases Scheduled Throughout Current Term
  • Landlord Friendly Lease Structure | Triple Net Lease Provides Ownership with Passive Investment
  • Significant CapEx Invested by Tenant & Landlord | $777,000+ Capital Improvements Made by Tenant | Parking Lot Completely Replaced by Landlord in 2024
  • Ideal Location Adjacent from UPMC Memorial Hospital | 104-Bed 2019 Construction Hospital with All Private Patient Rooms

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
10,000 SF
Building Class
B
Year Built
1992
Price
$4,214,040 CAD
Price Per SF
$421 CAD
Cap Rate
6.70%
NOI
$282,341 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
1.84 AC
Zoning
CM
Parking
44 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
163 ft on Rodney Road
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Nearby Major Retailers

Olive Garden Italian Rstrnt
Starbucks
Smokey Bones
Quaker Steak & Lube
Fulton Bank
Wings To Go
PNC Bank
Weis Markets
Denny's
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number 51-000-30-0021.00-00000 Improvements Assessment $741,140 CAD
Land Assessment $364,621 CAD Total Assessment $1,105,761 CAD

PROPERTY TAXES

Parcel Number
51-000-30-0021.00-00000
Land Assessment
$364,621 CAD
Improvements Assessment
$741,140 CAD
Total Assessment
$1,105,761 CAD
(407) 557-3848

  • Listing ID: 33072581

  • Date on Market: 2024-09-05

  • Last Updated:

  • Address: 1550 Rodney Rd, York, PA 17408

The Retail Property at 1550 Rodney Rd, York, PA 17408 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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UPMC Primary Care | 1550 Rodney Rd
(407) 557-3848 x

UPMC Primary Care | 1550 Rodney Rd

1/3

Spencer Koch

(407) 557-3848

(407) 557-3848

Christopher Biuso

(407) 557-3841

(407) 557-3841

Scott Gould

(407) 557-3824

(407) 557-3824

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