DEP Building
$650,000
121 North Mill Street, New Castle, PA 16101
12
Cap Rate
97,158
NOI
Details:
Description:
KW Commercial is pleased to present this fully leased office building in the heart of New Castle, PA, which is also in a Federal Opportunity Zone. There is a long term lease in place with the Pennsylvania Department of Environmental Protection, which has been at this location since 1998. They just excersized a 5 year renewal in 2020 and there are three more five-renewal options available. Lease includes annual base rent escalations plus additional rent to cover utility costs.
New Castle is the County seat of Lawrence County in Western Pennsylvania. It is situated along major transporation corridors, with immediate access to I-79 and I-376 with close proximity to Ohio to the West and New York to the North.
Free Standing Building
High Credit, long term tenant
Location

Gallery


