Marcus & Millichap (NYSE: MMI), announced today the sale of NNN - Medical Office - Hershey, PA., a 16,335-square foot office property located in Hershey, PA, according to Sean Beuche, Regional Manager and Broker of Record of the firm’s Philadelphia office. The asset sold for $4,535,000.
Craig Dunkle and Jackson Day, investment specialists from the Dunkle Group of Marcus & Millichap, represented both the buyer and seller of this transaction. “The property was a well-positioned fully stabilized NNN medical office building.” says Dunkle. “Prior to the sale, all three tenants recently extended their leases which showed commitment and emphasized the stability of the asset.”
The NNN Medical Office Building is located at 34 Northeast Dr in downtown Hershey, PA, within walking distance to the Hershey Park national attraction. Currently 100% leased with recently renewed leases, makes this property a solid investment for the buyer for years to come.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.