Value Add
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5325 Northgate Drive

Bethlehem, PA


OVERVIEW

Location:

5325 Northgate Drive

Year Built/Renovated:

2002

Total Leasable Area:

53,000

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Deal Highlights

  • Acquired in 2022

    Acquired in 2022

  • Off-market transaction

    Off-market transaction

Description

Thomas Park acquired this 53,000 SF  MOB in a partial sale-leaseback off-market transaction.  This value add investment was 79% occupied at acquisition and anchored by WillsEye Physicians (Mid Atlantic Retina),  Radiology & MRI of Bethlehem, and Bethlehem Endoscopy.