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300 Corporate Center Dr Cam...

Tucker Arensberg PC Signs Long-Term Lease For Office Space At 300 Corporate Center Dr, Camp Hill
LEASEDOffice

Tucker Arensberg PC Signs Long-Term Lease For Office Space At 300 Corporate Center Dr, Camp Hill

300 Corporate Center Dr Camp Hill, Pa 17011, Usa

$22

$22/SF

Building Size

11,725 SF

Asset Type

Office

Closing

Jul 29, 2023

AI

Tucker Arensberg PC has signed a long-term lease for an 11,725 sq ft office space at 300 Corporate Center Drive in Camp Hill, Pennsylvania. The office space was leased from Lowell Gates, the owner of Linlo Properties. The deal was facilitated by brokers Michael Curran and Drew Bobincheck from Landmark Commercial Realty. The asking rent for the office space is $22.50 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 300 Corporate Center Drive, Camp Hill, Pennsylvania
  • Market: Camp Hill, Pennsylvania
  • Tenant: Tucker Arensberg PC
  • Landlord: Lowell Gates - Linlo Properties
  • Brokers: Michael Curran & Drew Bobincheck - Landmark Commercial Realty

Tucker Arensberg PC, a professional corporation, aimed to expand their office space with the lease of this property. The deal represents a significant transaction for both the tenant and the landlord, as it satisfies the office needs of Tucker Arensberg PC while providing Linlo Properties with a long-term lease agreement. With the assistance of Michael Curran and Drew Bobincheck from Landmark Commercial Realty, the negotiation and transaction process was successfully completed.

Players

Michael Curran

Landmark Commercial Realty

Broker

$13.2M

vol

3 deals

Broker

Camp Hill Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93