For Auction

REO Sale | TecPort Business Center | Below $7 PSF

470 Friendship Road,
Harrisburg, PA 17111

Asset Snapshot

Real Estate
Asset Type
Office
Property Type
Suburban Office
Office Subtype
1984
Year Built
2001
Year Renovated
3
Floor Count
1
Building Count
270
Parking Spots
6.88 Acres
Land Area
7.2%
Occupancy
Occupancy As Of
79,276 SF
Property Size

Offering Summary

Property Tours

Property Tours are being scheduled on December 8th and 9th.  Please e-sign the Confidentiality Agreement before scheduling a tour, and then contact the Marcus & Millichap team for available times.


Investment Highlights

  • Suburban Office Building | Incredible Value-Add Opportunity 
  • Positioned within Amenity-Rich Suburban Location Proximate to Harrisburg Mall, Home Depot, Hilton Garden Inn, Homewood Suites, Dozens of Restaurants, and Residential Neighborhoods
  • Zoned M-L, Manufacturing District-Limited, with Myriad of Options to Reposition
  • Over-Sized Parking Lot Included (Major Attribute in Attracting Medical Tenants)
  • Minutes from Major I-83 and I-283 Interchange with Combined Traffic Counts of Over 191,000 VPD Offering Excellent Accessibility to the Surrounding Region
  • 2022 Population of ±178,111 within 5-Miles and Average Household Income of ±$71,650


Offering Summary

Marcus & Millichap, inconjunction with RI Marketplace, is pleased to present TecPort Business Center, located in Harrisburg, PA. The Property is a 79,276 SF, 3-story Class B office building that was originally built in 1984 and renovated in 2001. The Property consists of one building resting on 6.88 acres, which includes a massive parking lot with 270 free surface spaces. TecPort Business Center is currently home to two tenants, that occupy a total of 5,718 SF providing any investor with over 73,000 SF of true upside.

Given the Property is zoned "M-L" Manufacturing District-Limited, a new owner or developer may have the flexibility to potentially convert the Property to a myriad of diverse options including business/professional office, retail, self-storage and even light-manufacturing. Due to the large amount of parking in such a desired location, this could be a major key in attracting medical services tenants, among other options.

The TecPort Business Center is perfectly positioned on one of the most traveled retail corridors in the Harrisburg Metropolitan Market. The Property is beautifully positioned right off Interstate-83 as well as Interstate-283 which includes easy access to various restaurants, businesses, and the Harrisburg Airport. With over 178,111 people living in a 5-mile radius, this is one of the more densely populated areas in the Central Pennsylvania Market.

Due Diligence

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: AU005925

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

Closed

This asset was part of the December 14th, 2022 auction event, resulting in a successful transaction that closed in just 14 days.
Ready to sell your asset on the platform with the highest trade rate in the industry?
Interested in additional investment opportunities?

Investment Sales Brokers

Craig Dunkle
Marcus & Millichap
PA License: RS 324418
Mher Vartanian
Marcus & Millichap
PA License: RS345557

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.