$144K NOI | Single Tenant | High Cap Rate

Investment Highlights

• Strong tenant in UPMC which has more than 40 hospitals and 800 doctors’ offices and outpatient centers across Pennsylvania, Maryland, New York and around the world in Italy and Ireland.
• Tenant has two (2), two-year options to renew.
• Excellently suited in the city center for Hanover, PA that boasts 62,129 people living within 5 miles.
• Less than a half mile from UPMC Hanover Hospital.

Offering Summary

Bracket Real Estate presents 18-20 North Street, a commercial medical office building nestled in the heart of Hanover, Pennsylvania. This tenant designed property spans 9,194 square feet across two stories and includes a basement, offering ample space for medical professionals and patients alike. As you step inside, you'll immediately notice the modern and welcoming atmosphere, enhanced by recent renovations tailored to meet the needs of its esteemed tenant, UPMC (University of Pittsburgh Medical Center). With a lease of $146,828 annually on a triple net basis, this property presents an attractive investment opportunity with stable income streams. There is a rental increase during the final year of the current lease that will occur in August of 2026. The tenant has two (2), two (2) year options to renew. UPMC, a renowned healthcare provider with a global presence spanning Pennsylvania, Maryland, New York, Italy, and Ireland, serves as the anchor tenant. With more than 40 hospitals and 800 doctors' offices and outpatient centers worldwide, UPMC brings a reputation for excellence and reliability to 18-20 North Street.

Conveniently located just a half-mile from UPMC - Hanover Hospital, this property offers unparalleled accessibility for patients seeking quality medical care. Situated in Hanover, known as the snack capital of the Northeast due to its thriving snack food industry featuring companies like UTZ and Lance, the town boasts a resilient economy, making it recession-proof and ensuring long-term stability for investors. 18-20 North Street’s strategic location in the city center of Hanover caters to a population of 62,129 residents within a five-mile radius, ensuring a steady flow of foot traffic and potential clientele for medical practitioners. 18-20 North Street offers the perfect blend of functionality, convenience, and profitability in one of Pennsylvania's most vibrant communities.