Highland Office Center

270 Walker Drive, State College, PA

IN CONTRACT

$2,500,000

Price

7%

Cap Rate

$265,996

NOI

Overview
Cap Rate
7%
NOI
$265,996
Building Size
46,277 sqft
Lot Area
5.04 acres
Class
B
Year Built
1986
Floors
3
Parking Spots
176
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.
Documents

Location
Gallery