Portfolio of 2 Commerical Assets
2 Office Properties Offered at $2,148,510 CAD in New Castle, PA
INVESTMENT HIGHLIGHTS
- Strong income with excellent upside
- Approximately 4 miles from I-79
- High visibility on 422
EXECUTIVE SUMMARY
KW Commercial is pleased to present two office/retail properties on Business 422 just outside of New Castle, PA. These multi-tenant properties feature medical, professional and service-oriented tenants, including the Veterans Administration. Nearly 50% occupied, these well-maintained assets have tremendous upside. 1429 New Butler has 11 units, with four offices on the second floor, seven retail/office spaces on the lower level, and a 9,000 SF garage that is largely unutilized. 1750 New Butler Road is anchored by the Department of Veterans Affairs, a vacant medical space, and 4 units on the lower level.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
PROPERTY FACTS
| Price | $2,148,510 CAD |
| Price / SF | $36.47 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 9.63% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 58,912 SF |
| Total Land Area | 5.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Ridgewood Professional Centre
1750 New Butler Rd, New Castle, PA 16101 |
Office | 19,200 SF | 1968 | - |
|
Essex Place
1429 New Butler Rd, New Castle, PA 16101 |
Office | 39,712 SF | 1999 | - |
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