- For Sale $3,250,000
- Property Type Office
- Property Size 15,277 SF
- Lot Size 3.2 Acre
- Cap Rate % 6.2
- NOI / YR $202,597.68
- Additional Rent Contact for pricing
- Parking Spaces Avail. 192
- Parking Ratio 12.57 / 1,000 SF
- Year Built 1994
- Date Updated Dec 17, 2024
Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option.
Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights.
Tenant pays real estate taxes (2024 $33,205.72), property insurance (2024 $5,842.00), all utilities, snow removal, landscaping, HVAC PMs and routine building maintenance nottoexceed $2,000/lease year. Lease with River Rock Academy expires 6/30/30 + 5 yr option.
Tenant has (1) 5-Year Option
Base Rent $14.15 PSF (as of 7/1/24)
NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
64/100
Somewhat Walkable
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Bike Score ®
43/100
Somewhat Bikeable
- City Lancaster, PA
- Zip Code 17603
- Market Harrisburg
Points of Interest
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Lancaster
2.91 miles
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Turkey Hill
0.25 miles
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Sheetz
1.62 miles
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BJ's Gas
1.64 miles
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Giant to go
1.88 miles
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Sunoco
2.06 miles
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Tesla Supercharger
5.62 miles
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Noel S Dorwart Park Parking
0.89 miles
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Student Parking
2.06 miles
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Faculty, Staff and Vistor Parking
2.22 miles
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Cokesbury and Resident Parking
2.25 miles
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Richards Hall Parking
2.28 miles
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Admission Parking
2.28 miles
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Prince Street Parking Garage
2.81 miles
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Hagers
2.83 miles
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Red Rose Transit Authority Parking Garage
2.90 miles
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Lancaster Amish Country Travelodge
0.20 miles
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Candlewood Suites Lancaster West
1.58 miles
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Residence Inn
1.66 miles
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Days Inn & Suites by Wyndham Lancaster Amish Country
1.80 miles
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Americas Best Value Inn
1.82 miles
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Heritage Hotel
2.18 miles
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The Manor View Inn
2.28 miles
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Lancaster Arts Hotel
2.56 miles
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Hilton Garden Inn Lancaster
2.75 miles
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Hilton Garden Inn
2.76 miles
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Little Caesars
0.10 miles
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Subway
0.10 miles
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Fuddruckers
0.21 miles
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MOD Pizza
0.21 miles
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Firehouse Subs
0.21 miles
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Panera Bread
0.22 miles
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Chipotle
0.22 miles
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El Serrano
0.22 miles
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Namaste Restaurant
0.23 miles
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Dairy Queen
0.30 miles
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Rohrerstown Elementary School
0.48 miles
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Saint Leo the Great School
0.98 miles
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Franklin & Marshall College
1.58 miles
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Lancaster Country Day School
1.80 miles
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New School
1.88 miles
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Wheatland
1.91 miles
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Wheatland Middle School
1.92 miles
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Rita Smith-Wade Elementary School
1.95 miles
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Eshleman Elementary School
2.06 miles
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Eshelman Elementary School
2.11 miles
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Chesterbrook Academy Preschool
2.12 miles
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Discovery Corner Academy
2.91 miles
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Landis Woods Nature Preschool
4.62 miles
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KinderCare Learning Center
5.89 miles
Frequently Asked Questions
The space currently listed for sale at 2124 Ambassador asks for $3,250,000.
2124 Ambassador totals 15,277 square feet.
2124 Ambassador was built in 1994.
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