Highland Office Center
270 Walker Drive, State College, PA
$2,500,000
Price
7%
Cap Rate
$265,996
NOI
Overview
Description
Class B Office Building with a current occupancy of 77% on 5.04 Acres with superior access to major highways such as I-99, Rt 322, and Rt 26. The building sits in a quiet setting with beautiful views of PSU Football Stadium, Bryce Jordan Center, and mountains. The existing site allows for approximately 13,000 - 20,000 sf of additional buildable space.
State College Highlights/Facts
• One of the most educated U.S. cities with 63% of the population having degree(s)
• Large, entry-level population
• County population of 159,178
The existing site allows for approximately 13,000 - 20,000 square feet of additional impervious improvements to the site.
Highlights
- Prime investment opportunity.
- Long-standing, established tenants.
- Rent from $15-$20/ SF.
- Brick and cedar exterior.
- Great location with access to major highways.
- Large open common areas with exposed brick walls.
- 176 parking spots with a 4.8 parking ratio.
- Large windows that provide plenty of natural light.
- Only 1 mile from Penn State University.