1300 Old Plank Road

A rare opportunity to acquire a state-of-the-art, institutional-grade commercial campus originally designed as an international research and conference center. The property is almost fully occupied by six A+ long-term tenants and offers strong in-place income with three vacancies providing immediate value-add potential. Stabilized NOI is projected at 890K supporting an anticipated stabilized cap rate of 10 percent.. The property was recently appraised at 9.4 million and is offered at an attractive basis of approximately 94/psf. Purpose-built for innovation, education and large-scale collaboration, the facility features an upscale cafeteria/restaurant, auditorium with classrooms, five laboratories with dedicated lab-support areas, three conference rooms, 35 enclosed offices, a library, production and projection rooms, loading dock and a beautifully restored greenhouse. The flexible configuration is well suited for research, healthcare, education, corporate, government, nonprofit, professional-service and light-industrial users.A recently completed energy-efficiency improvement exceeding 100K converted the property's lighting to LED, enhancing operational efficiency and reducing future capital needs.The 7+ acre campus includes approximately 268 paved parking spaces and a walking trail along the Lackawanna River, offering an amenity-rich environment for tenants, employees and visitors. Convenient highway access connects the property to the greater Northeastern Pennsylvania region.Positioned within a rapidly evolving corridor benefiting from expanding institutional, industrial, logistics and infrastructure investment, this area is poised for continued demand and long-term appreciation. The combination of specialized construction, diversified tenancy, below-replacement-cost pricing and significant upside makes this an exceptional acquisition opportunity.Contact Kate for link to more info and financials.