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
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