Skip To Content
    Return to Previous Page

    924 Russell Drive

    LEBANON, PA 17042
    • $749,000
    • STATUS: Active
    • ON SITE: 986 days
    • ID#: 1002664507
    UPDATED: 47 min ago
    $749,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    County:

    School Ratings & Info

    School District:

    Description

    Excellent opportunity to own a Modern Office building with Social Security as Tenant. Built specifically for local Social Security Office occupancy. Single tenant, Monthly Rent automatically deposited. Less than 12 Months remaining on current renewal option. Current net operating Income of $55,091 is a 7.36% Cap Rate. Annual tax escalator, and operating cost adjustments. Seller has retired, relocated to Virginia and plans to exchange into a residential rental there. Operating Expenses listed are an average of 2015 thru 2019 actual expenses.

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-07-04T14:49:58.19.
    www.amandakrall.com/homes/77981818
    Print Image

    924 Russell Drive LEBANON, PA 17042

    • Price: $749,000
    • Status: Active
    • Updated: 47 min ago
    • ID#: 1002664507
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    1995
    Built
    Neighborhood:
    Tuck Business Park
    County:
    Lebanon
    Area:
    North Cornwall Twp (13226)
    School District:
    Cornwall-Lebanon
    Property Description
    Excellent opportunity to own a Modern Office building with Social Security as Tenant. Built specifically for local Social Security Office occupancy. Single tenant, Monthly Rent automatically deposited. Less than 12 Months remaining on current renewal option. Current net operating Income of $55,091 is a 7.36% Cap Rate. Annual tax escalator, and operating cost adjustments. Seller has retired, relocated to Virginia and plans to exchange into a residential rental there. Operating Expenses listed are an average of 2015 thru 2019 actual expenses.
    Exterior Features

    Construction Materials MasonryBrickDryvit Door Features Double Entry Garage YN No Location Type Corner Lot/Unit Lot Features Road Frontage Parking Total 33.00 Parking Types Parking Lot Riparian Rights YN No Road Responsibility Boro/Township Road Surface Type Black Top Roof PitchedShingle Topography List Level Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 6218.00 Building Features Private RestroomsPublic Restrooms Cooling Central A/C Cooling YN Yes Fireplace YN No Flooring CarpetCeramic TileVinyl Heating Forced Air Heating YN Yes Net Square Feet 6218.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Accessible Switches/Outlets32"+ Wide Doors48"+ HallsLevel Entry - Main Annual Gross Expense 42317.00 Assessment Year 2020 Association Fee Includes Other Association YN No Business Type ProfessionalOther/General Retail Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street Isabel Drive Current Use Office Electric 200+ Amp Service Foundation Details Slab Gross Income 115429.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name North Cornwall Twp Navigable Water YN N Net Operating Income 55091.00 New Construction YN No Number Of Units Leased 1 Number Of Units Total 1 Operating Expense 42317.00 Operating Expense Includes ElectricHeating/CoolingInsuranceLandscapingManagement FeesPest ControlRepair/MaintenanceSewerSnow RemovalTrashWaterOther Original MLSNumber 20170405120342692095000000:LCR Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 18021.00 Tax Assessment Amount 907000.00 Vacation Rental YN No Water Source Public Year Built Effective 2006 Zoning Office-Institutional Zoning Description Office

    Listing courtesy of Suburban Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-07-04T14:49:58.19.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_3_121209022706-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_3_121209022706-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_3_121209022706-2.jpg
    Logo
    Iron Valley Real Estate
    1958 Quentin Road
    Lebanon PA, 17042