Office Space
1220 3rd Street Fullerton, PA 18052

Details & Description

Price: $2,525,000

The investment benefits from a 15 year lease (9.9 years remaining) which includes a 10% rent increase every 5 years with BBB+ rated DaVita Healthcare Partners Inc. DaVita selected this site in 2016, which is located just down the street from a St. Luke’s Outpatient Primary Care facility, and spent approximately $1,400,000 in tenant improvements.The subject property is located near the center of Whitehall, PA, with access to both I-22 and I-435, and sits near the Allentown Lehigh Valley International Airport, Pennsylvania’s 4th largest airport. The property is used as the submarket’s hemodialysis treatment center for chronic adult patients and has 13 dialysis stations. The convenient location provides additional access and availability for this service as the other nearby St Luke’s DaVita locations mainly serve as in-home training centers, Pediatric Dialysis centers, and Peritoneal Dialysis centers. The nearby Allentown locations have a lower station count which makes the subject site attractive for DaVita and its patients.

Property ID: 259225
Property URL: melqr.com/259225
Generated: 04-29-24

Listing Agents

Bryan Webb

O: 415-274-2700
M: 415-274-2717
bwebb@cppcre.com

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Office Space / Pennsylvania / Fullerton / 18052 / 1220 3rd Street

1220 3rd Street

Fullerton, PA 18052

Listing ID: 259225

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Building Size: 7,791 SF

Lot Size: 0.900 AC

Land Size: 39,204 SF

Building $/SF: $324.09

Land $/SF: $64.41

Price

$2,525,000

Description

The investment benefits from a 15 year lease (9.9 years remaining) which includes a 10% rent increase every 5 years with BBB+ rated DaVita Healthcare Partners Inc. DaVita selected this site in 2016, which is located just down the street from a St. Luke’s Outpatient Primary Care facility, and spent approximately $1,400,000 in tenant improvements.
The subject property is located near the center of Whitehall, PA, with access to both I-22 and I-435, and sits near the Allentown Lehigh Valley International Airport, Pennsylvania’s 4th largest airport. The property is used as the submarket’s hemodialysis treatment center for chronic adult patients and has 13 dialysis stations. The convenient location provides additional access and availability for this service as the other nearby St Luke’s DaVita locations mainly serve as in-home training centers, Pediatric Dialysis centers, and Peritoneal Dialysis centers. The nearby Allentown locations have a lower station count which makes the subject site attractive for DaVita and its patients.

Attachments & Files

davita-whitehallpa-8Xj-WTC.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Philadelphia History of Office Space for Sale

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Listing Demographics for 1220 3rd Street Fullerton, PA 18052

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		9,724	116,273	232,421
Population Median Age		41	36	38
Population by Age	0-9 Yrs	873 (8%)	16446 (14%)	29236 (12%)
	10-19 Yrs	1318 (13%)	16303 (14%)	31928 (13%)
	20-29 Yrs	1250 (12%)	18480 (15%)	35129 (15%)
	30-39 Yrs	1387 (14%)	16336 (14%)	31453 (13%)
	40-49 Yrs	1118 (11%)	12663 (10%)	26449 (11%)
	50-59 Yrs	1457 (14%)	14508 (12%)	28497 (12%)
	60-69 Yrs	988 (10%)	11101 (9%)	24388 (10%)
	70+ Yrs	1334 (13%)	10435 (8%)	25342 (10%)

Median HH Income		$50,016	$47,808	$53,514
Total Household Income	< 24K	982 (22%)	10702 (25%)	18929 (21%)
	25-49K	1181 (27%)	11545 (27%)	22053 (25%)
	50-74K	746 (17%)	7783 (18%)	16499 (18%)
	75-99K	635 (14%)	5540 (13%)	11484 (13%)
	100-199K	745 (17%)	6125 (14%)	14923 (17%)
	200K+	37 (0%)	830 (1%)	3045 (3%)

Highest Education Level	No Diploma	598	13385	22022
	Diploma or GED	2889	28154	55379
	Some College	1223	13994	28084
	Assoc. Degree	764	6295	13644
	Bachelors Degree	877	8544	21647
	Higher Degree	495	4508	12840

Total Housing Units		4,553	45,685	92,637
--Owner-Occupied		2,425	20,763	48,108
--Renter-Occupied		1,902	21,762	38,824
Owner-Occupied Values	< 100K	229	4155	6776
	100-199K	1609	11139	24266
	200-299K	522	4295	11282
	300-399K	15	840	3674
	400-499K	25	104	966
	500K+	24	231	1144

Total Working Age Population		8,097	89,711	184,637
In Work Force		5,389	58,607	117,986
Not In Work Force		2,708	31,105	66,651
Workforce Employed		5,078	53,562	109,600
Workforce Unemployed		311	5,018	8,312
Civlian Workforce		5,389	58,580	117,912
Military Workforce		0	27	74

Total Households		4,327	42,526	86,932
Family Households		2,542	28,122	56,387
Non-Family Households		1,785	14,404	30,545
Married Couple		1,847	16,104	35,661
Other Family		695	12,018	20,727
Married w/Child		658	6,465	13,491
Single Male w/Child		78	1,367	2,801
Single Female w/Child		321	5,800	9,294

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Pennsylvania	12,281,054	+3	12,702,379	+4	13,230,170	+4	13,759,594
Berks County	373,638	+10	411,442	+7	440,143	+7	471,457
Bucks County	597,635	+5	625,249	+1	629,420	+1	637,730
Lehigh County	312,090	+12	349,497	+5	365,909	+5	385,431
Northampton County	267,066	+11	297,735	+4	309,231	+4	321,338

Total Working Age Population:

Total Households:

Total Working Age Population:

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Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 1220 3rd Street in Fullerton?

The asking price for 1220 3rd Street is $2,525,000

What is the building size of this Office property in Fullerton, PA?

The size of the building/unit at 1220 3rd Street in Fullerton is 7,791 square feet

How much land does the Fullerton, PA property at 1220 3rd Street include?

1220 3rd Street in Fullerton includes 0.900 acres of land

What kind of Office is the propery at 1220 3rd Street?

The property at 1220 3rd Street Fullerton, PA 18052 is listed as a Medical Office property

What is the population within 1 mile of 1220 3rd Street in Fullerton?

The population within 1 mile of 1220 3rd Street Fullerton, PA 18052 is 9,724 people.

Who do I contact for questions about 1220 3rd Street?

You should contact the listing agent, Bryan Webb , for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Philadelphia International Airport (PHL)	55
Newark Liberty International Airport (EWR)	68
La Guardia Airport (LGA)	84