Two thirty-plus year investor clients of Joseph J. Genay, CCIM, LEED-AP have recently acquired this 10,972 SF, Single-Tenant, GSA leased office building in the Lehigh Valley, PA. Built in 2005, it was renovated in late 2016. The acquisition price was $2,019,860.62, reflecting a Cap Rate of 8.8%.
About SVN®
SVN is the only major commercial real estate brand that markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $10.1 billion in sales and leasing transactions in 2015, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live™ Open Sales Meetings, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
For more information on how to leverage the SVN platform to increase your businesses’ bottom line, visit http://www.svn.com/why-svn/.
Sperry Van Ness International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. With 200 locations serving over 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. SVN Advisors also represent clients in auction services, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, self-storage and single tenant investments. All SVN offices are independently owned and operated. For more information, visit www.svn.com.