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Government

Police Station Loganville PA

101 N Main St, York, PA 17403

Listing Price: $6,441,000

Cap Rate
5.50%
Tenant Name
State Police Department
Years Remaining On Lease
11.6
Guarantor
State Agency
Rentable SF
15,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.94

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in the Pennsylvania State Police Barracks located in Loganville, Pennsylvania. The subject property consists of an 15,440 square foot building on approximately 6.72 acres with 168 parking spaces. The Commonwealth of Pennsylvania signed a brand new 15- year lease in 2019, demonstrating their commitment to the site. The full-service gross lease features two, five-year option terms and landlord is responsible for taxes, insurance, and the maintenance of all aspects of the building with tenant reimbursing a fixed amount of $6.19 PSF per year. This location was built as the Pennsylvania State Police required more space as the number of enlisted and civilian personnel in the building has grown considerably over the last 25 years. The increased square footage allows for specialty services such as Megan’s Law troopers, forensics, vice and evidence storage. Equally, this new building provides technology and security upgrades to further the safety of troopers and visitors to the station. The subject property is located just off Interstate 83 and serves Lancaster, Chester and York Counties of Southeastern Pennsylvania. This area includes 2,654 square miles with roughly 1,500,000 residents. This area spans from just south of Harrisburg along the Maryland border to just west of Philadelphia. Interstate 83, a major arterial has over 50,900 cars per day, and runs north-south to Harrisburg, the state capital

Investment Highlights

  • Lease Guaranteed by the Commonwealth of Pennsylvania | S&P: A+ Credit
  • Location Serves Three Counties Encompassing 2,654 Square Miles with a Gross Population of Over 1,500,000 Residents
  • Relocation Site | Expanded Square Footage Allows for Specialty Services | Megan's Law Troopers, Forensics, Vice and Evidence Storage
  • Increased Technology and Security Upgrades

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Government

Police Station Loganville PA

Listing Price: $6,441,000

Cap Rate
5.50%
Tenant Name
State Police Department
Years Remaining On Lease
11.6
Guarantor
State Agency
Rentable SF
15,440
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.94

Investment Highlights

  • Lease Guaranteed by the Commonwealth of Pennsylvania | S&P: A+ Credit
  • Location Serves Three Counties Encompassing 2,654 Square Miles with a Gross Population of Over 1,500,000 Residents
  • Relocation Site | Expanded Square Footage Allows for Specialty Services | Megan's Law Troopers, Forensics, Vice and Evidence Storage
  • Increased Technology and Security Upgrades

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the fee simple interest in the Pennsylvania State Police Barracks located in Loganville, Pennsylvania. The subject property consists of an 15,440 square foot building on approximately 6.72 acres with 168 parking spaces. The Commonwealth of Pennsylvania signed a brand new 15- year lease in 2019, demonstrating their commitment to the site. The full-service gross lease features two, five-year option terms and landlord is responsible for taxes, insurance, and the maintenance of all aspects of the building with tenant reimbursing a fixed amount of $6.19 PSF per year. This location was built as the Pennsylvania State Police required more space as the number of enlisted and civilian personnel in the building has grown considerably over the last 25 years. The increased square footage allows for specialty services such as Megan’s Law troopers, forensics, vice and evidence storage. Equally, this new building provides technology and security upgrades to further the safety of troopers and visitors to the station. The subject property is located just off Interstate 83 and serves Lancaster, Chester and York Counties of Southeastern Pennsylvania. This area includes 2,654 square miles with roughly 1,500,000 residents. This area spans from just south of Harrisburg along the Maryland border to just west of Philadelphia. Interstate 83, a major arterial has over 50,900 cars per day, and runs north-south to Harrisburg, the state capital

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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