Thursday, January 31, 2019

York County Investor Acquires 4251 Crums Mill Road Office Building in Harrisburg

by Steve Lubetkin

York County private investor Crumil is acquiring 4251 Crums Mill Road, Harrisburg, PA, a 21,440-square-foot single-tenant office building occupied by Merakey Corporation, a developmental, behavioral health, and education non-profit provider. The property sold for $3.4 million.
The seller was Jerich II. A private investor based in Dauphin County.

“The property was very well received by local and regional investors,” says Dunkle. “The seller was looking to invest in other commercial real estate opportunities and the buyer wanted to acquire a stabilized investment property with a strong tenant.”
The Merakey office building is minutes away from Interstate 81 and the Interstate 83 interchange; less than a mile away from the Colonial Park Mall and Route 22 (Jonestown Road), a major retail corridor in North East Harrisburg.

Merakey recently signed a new seven-year lease that incorporated a brand new built-to-suit fit-out space. There were numerous capital improvements including HVAC, roof, paved parking lot, new exterior, new floorings, new electrical systems, and security systems.

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