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625 Spring St

26,860 SF 100% Leased Office Building Wyomissing, PA 19610 $5,729,201 CAD ($213.30 CAD/SF) 8.01% Cap Rate

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INVESTMENT HIGHLIGHTS

Investment Property
Located in Wyomissing

Long Term Tenants
Well Maintained Property

EXECUTIVE SUMMARY

Remax Commercial is pleased to present an investment property located at 625-627 Spring Street, Wyomissing, Pennsylvania. This property includes a 22,060 square foot office/medical space and an attached 4,800 SF warehouse on 3.14 acres of land in the Borough of Wyomissing. KPS and FMC have occupied their suites since August of 1996. Recently, both Tenants have extended their leases which shows a strong commitment to the building, and the area for the last 28 + years. The treatment that Fresenius Medical Care provides would be considered an essential need, and both Tenants have a recession-proof business. The current owner would like to sell the property as a leaseback sale.

625 Spring St Brochure

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Office

Property Subtype

Medical

Building Size

26,860 SF

Building Class

Year Built/Renovated

1975/1996

Price

$5,729,201 CAD

Price Per SF

$213.30 CAD

Cap Rate

8.01%

NOI

$458,784 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

11,030 SF

Building FAR

0.20

Lot Size

3.15 AC

Zoning

C-2 - Commercial zoning district that allows for a variety of businesses and services within a convenient central location to the community

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PROPERTY TAXES

Parcel Numbers	Multiple 96-4397-16-74-8175-B01 96-4397-16-74-8175	Improvements Assessment	$1,372,905 CAD
Land Assessment	$478,389 CAD	Total Assessment	$1,851,294 CAD