OFFICE / INVESTMENT W/ ONSITE PARKING
Property Address
39 E Chestnut St
Lancaster, PA 17602
See Brochure under Documents. Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. Projected CAP rate is 8.7% at full occupancy. The available space is Class A commercial space and includes parking – a rare find in the central business district. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (not including garage). This building is 100% sprinklered, has heavy IT/data wiring, high efficiency HVAC systems, is ADA compliant and situated on the corner of Chestnut/Duke Streets with 2 adjacent public parking garages. Building was previously home to the Lancaster City Police Station and Firehouse before being developed into the office and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed with additional stories added. | The available office space can be subdivided and offers several offices/conference rooms which are wired for projectors, open space with existing work stations, private restrooms, furnished break room, direct glass door entrance from Duke Street and direct Elevator access from first floor lobby & secure garage. | Existing Tenants include: Pennsylvania Probation & Parole Administrative Office & PA Options For Wellness. See brochure for lease terms.
$6,500,000
34,111 Sq. Ft.
Investment Property or Partial Owner Occupant. Total Property offers 4 existing Tenant Suites, the largest of which is about 15,000sf and is fully furnished and available for lease at $20psf NNN, or move in ready for Owner Occupant. Site includes 39 East Chestnut Street & 202 North Duke Street. Total 34,111+/- sqft plus a secure underground parking garage offering 44 spaces. 8% CAP Rate with current and projected rents. This building is 100% sprinklered, has heavy IT/data wiring, high efficiency HVAC systems, is ADA compliant and situated on the corner of Chestnut/Duke Streets with 2 adjacent public parking garages. The available suite offers several offices/conference rooms which are wired for projectors, open space with existing work stations, private restrooms, break room, direct glass door entrance from Duke Street and direct Elevator access from first floor lobby. 3 Current Tenants include: Pennsylvania Probation & Parole Administrative Office, PA Options For Wellness & Festoon Boutique (in 202 N Duke Street). All leases are NNN except the PA Probation/Parole office which is a fully gross lease; Request brochure for details on income/expense.