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Metropolitian-1243 Easton, Warrington, PA

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Metropolitian-1243 Easton, Warrington, PA FOR SALE METROPOLITAN PLAZA - Investment Property PENN’S GRANT REALTY 1243 Easton Road Corporation Warrington, Bucks County, PA COMMERCIAL INDUSTRIAL INVESTMENT PRESENTED BY: Kurt Eisenschmid, CCIM — Penn’s Grant Realty Corporation 2005 S Easton Rd, STE 306, Doylestown, PA • 215-489-3800 x3 • [email protected] • www.pgrealty.com PENN’S GRANT REALTY INVESTMENT SUMMARY Corporation 1243 Easton Road, Warrington, PA THE OFFERING Penn’s Grant Realty Corporation has been retained and is pleased to offer for sale the opportunity to acquire 1243 Easton Road, Warrington PA (the “Prop- erty”), which consist of a successful professional offi ce building and a offi ce/ retail pad site for future development. Located on PA Route 611 (also know as Easton Road), which is the Philadelphia to Bucks County highway corridor. Situ- ated in a desirable location next to the newly constructed Sparta convenience store/gas station, and is also surrounded by an affl uent suburban market. Totaling 17,500± square feet, the Property is fully leased to eleven tenants and offers them all the convenience that a professional commercial space has to offer in a highly desirable location with two entrances including a signalized intersection. PROPERTY OVERVIEW Property: ................................................................................... Metropolitan Plaza Total Land Area: .................................................................................2.405± Acres Property Address: ......................................1243 Easton Road, Warrington, PA Frontage: .............................................................. 150’ Easton Road (Route 611) 50’ Anderson Way Net Operating Income (2020): .............................................................$218,800 Year Originally Built: .........................................................................................2004 Parking: ...................................................................100 parking spaces (approx.) Building Size: ..................................................Two-story 17,500± sq. ft. building County: .............................................................................................................Bucks plus a full basement for tenant storage Municipality: ........................................................................Warrington Township Elevators: ......................................................................................................One (1) Zoning: ..........................................................CR/O Corridor Residential/Offi ce Sprinkler System: .................................................................................Wet system Tax Parcel Numbers: ...........................................................................50-025-020 HVAC: ..................................................................................Individual heat pumps Property Taxes: ............................................................................. $35,773 (2020) Existing Tenants: .................................................................................... Eleven (11) Total Taxable Assessment: ...................................................................... $215,930 Pad Site: ....................................................................................2,800 SF foot print and can potentially accommodate a 5,600± sq. ft. -2 story building SALE PRICE: ................................................................... $2,600,000 All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY INVESTMENT HIGHLIGHTS Corporation 1243 Easton Road, Warrington, PA INVESTMENT HIGHLIGHTS • Stabilized rental income with potential upside revenue, which is ideal for local and regional real estate investors and 1031 tax deferred exchanges • 17,500 square feet two-story offi ce building (with a full basement) situated on 2.405 acres of ground located at a signalized intersection • Property includes a 2,800 sq. ft. pad site that can potentially accommo- date a 2 story 5,600 square foot building • Building designed for easy parking with approximately 100 spaces • The professional offi ce building is styled with upgraded fi nishes and fabu- lous window lines that create an abundance of natural light exposure • Prominent high visibility location in Warrington’s business corridor, ide- ally situated near shopping, restaurants, offi ce complexes and residential neighborhoods. • Located near the corner of Bristol and Route 611 (Easton Road) an main artery for north/south Philadelphia travelers; traffi c counts exceed- ing 37,000 vehicles daily • Strong demographics area within an affl uent Bucks and Montgomery counties which boast high incomes and large numbers of white collar workers • Within walking distance of SEPTA bus stops • Great regional access via multiple state and interstate routes, including Route 611 (Easton Road), PA Route 202 Parkway, PA Route 132 (Street Road) and Interstate I-276 (PA Turnpike) All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY BUILDING PLANS Corporation 1243 Easton Road, Warrington, PA All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY BUILDING PLANS Corporation 1243 Easton Road, Warrington, PA Lower Level/Basement 1st Floor 2nd Floor All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY SITE PLANS Corporation 1243 Easton Road, Warrington, PA SITE PLAN 2.405± Acres 17,500± SF Two Story Offi ce Building 2,800± SF Pad Site (with potential to build 5,600 SF two story building) 100 Parking Spaces All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY DEMOGRAPHICS OVERVIEW Corporation 1243 Easton Road, Warrington, PA All INFORMATION FURNISHED REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE, BUT NO WARRANTY OR REPRESENTATION IS MADE AS TO THE ACCURACY THEREOF AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OR PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING OR WITHDRAWAL WITHOUT NOTICE. NO LIABILITY OF ANY KIND IS TO BE IMPOSED ON THE BROKER HEREIN. PENN’S GRANT REALTY LOCATION OVERVIEW Corporation 1243 Easton Road, Warrington, PA LOCATION OVERVIEW Located strategically in the Northeast Corridor, Bucks County is accessible to all major transportation arteries. Interstate 95 the nation’s largest north-south interstate highway, is located approximately fi fteen miles from the Property. It is the main highway on the East Coast of the United States and parallels the Atlantic Ocean from Florida to Maine. I-95 is a total of 1,925 miles long and has major junctions including Interstate 10, Interstate 80 and Interstate 90. U.S. Route 1 (Lincoln Highway) is a major north-south highway serving the East Coast of the United States. U.S. Route 1 run 2,377 miles from Key West, Florida to Fort Kent, Maine at the US-Canada border. The Property is located approximately 16 miles northwest of U.S. Route 1. Interstate 295 begins as a junction with I-95 south of Wilmington, Delaware. I-295 parallels the New Jersey Turnpike for much of its course through New Train Transportation A vast network of rail transportation is acces- Jersey and functions as a bypass around Philadelphia. sible from Bucks County, including SEPTA, the regional rail system that connects the county with Center City Philadelphia, the western suburbs Interstate 476 (“The Blue Route”) serves as a primary north-south Inter- and Wilmington, Delaware. Additionally, Amtrak is located in Center City state through eastern Pennsylvania. The interstate, located approximately 15 Philadelphia, enabling residents to commute daily to New York City in 70 miles west of the Property, connects residents with Suburban Philadelphia, the minutes and to Washington D.C. in 90 minutes. Philadelphia metropolitan area, Lehigh Valley
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