- For Sale $3,250,000
- Property Type Office
- Property Size 15,277 SF
- Lot Size 3.2 Acre
- Cap Rate % 6.2
- NOI / YR 202597.68
- Additional Rent Contact for pricing
- Parking Spaces Avail. 192
- Parking Ratio 12.57 / 1,000 SF
- Year Built 1994
- Date Updated Nov 18, 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.
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Location
Getting Around
-
Walk Score ®
64/100
Somewhat Walkable
-
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
How much does 2124 Ambassador cost?
The space currently listed for sale at 2124 Ambassador asks for $3,250,000.
What is the total square footage of 2124 Ambassador?
2124 Ambassador totals 15,277 square feet.
When was this property built?
2124 Ambassador was built in 1994.
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