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1130 PA Rte 315 1130 Highway 315 23,819 sq ft Office Property Wilkes Barre, PA 18702 £2,951,835 (£123.93/sq ft) 9.29% Net Initial Yield
INVESTMENT HIGHLIGHTS
- High visibility location with excellent regional access to highways ( I-81, PA Rte 315, PA Rte 115, PA Rte 309)
- Additional 6880 RSF available to lease provides income upside potential.
- Glass entry doors with glass atrium lobby provides ample natural light.
- 3 quality tenants (2 National, 1 Regional) with ample remaining term on leases provides income stability
- Large lighted pylon sign at frontage entrance. 200' of frontage on busy PA Rte 315.
- Many amenities nearby (restaurants, gas/convenience, hospitality, casino, etc.)
EXECUTIVE SUMMARY
Investment property with 4 quality tenants with substantial term remaining, occupying +/- 84% of the available rentable square feet. Financial information available upon request and submission of confidentiality agreement.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
23,819 sq ft
Costar Property Class
B
Year Built/Renovated
2001/2025
Price
£2,951,835
Price per sq ft
£123.93
Yield
9.29%
NOI
£274,259
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
23,819 sq ft
Plot ratio
0.34
Total Plot Size
1.60 ac
Use Class
B-3 - Commercial
Parking
80 Spaces (2.83 Spaces per 1,000 sq ft Leased)
AMENITIES
- Atrium
- Security System
- Signage
- Accent Lighting
- Central Heating
- Suspended Ceilings
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 50-G11S1-004-002-000 | Total Assessment | £1,868,250 (2025) |
| Land Assessment | £358,704 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £1,509,546 (2025) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
50-G11S1-004-002-000
Land Assessment
£358,704 (2025)
Improvements Assessment
£1,509,546 (2025)
Total Assessment
£1,868,250 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2023 Payable 2023
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1130 PA Rte 315 | 1130 Highway 315
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