5 Brookwood Ave, Carlisle, Pa

$1,100,000

Price

6.3%

Cap Rate

$69,241

NOI

Overview
Cap Rate
6.3%
NOI
$69,241
Building Size
5,068 sqft
Year Built
1986
Price Per Sqft
$217.05
Zoning
TOWN CENTER
Roof
Shingle
Description

Corner

Fully leased Medical office investment property featuring a 5,068-square-foot building on 0.76 acres in South Middleton Township . The building is demised into (2) medical office suites. The all-brick building is in great condition with updated interior finishes and functional medical office layouts. The main suite containing 3,088 SF is leased by UPMC Aesthetic Surgery through February 2028 with (2) three-year renewal options and annual rent escalations. There is a 1,750-square-foot suite leased to Partners in Women’s Health, P.C. through December 2026 with annual rent escalations (no renewal options; tenant since 2003). HVAC is provided by electric heat pumps. NOI projected at $69,241.

The site is located at the signalized corner of Brookwood Avenue and Walnut Bottom Road within the Brookwood Office Park. This commercial location along a growing corridor provides easy access to Interstate 81, the UPMC Carlisle Hospital, and Downtown Carlisle amenities. The site is across from the Stonehedge Square Shopping Center anchored by Giant Foods. Access to the site is from Brookwood Avenue, and the property benefits from frontage and exposure along Walnut Bottom Road (AADT 6,100). There are 25 surfaced parking spaces. Site amenities include electronic business signage, (2) storage sheds in the rear, and a double-sided Lamar billboard leased at $314.85 per month.

Highlights
  • Days on Market: 90
  • Heating: Heat Pump(s)

Location
Gallery