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Parcels a & B Smedley Property CONFIDENTIAL OFFERING MEMORANDUM PARCELS A & B SMEDLEY PROPERTY VACANT LAND LOCATED AT ROSE TREE ROAD AND NORTH MIDDLETOWN ROAD MEDIA, DELAWARE COUNTY, PA 19063 THIS INVESTMENT OFFERING MEMORANDUM Seller and GOLA CORPORATE REAL ESTATE, has been prepared by GOLA CORPORATE REAL INC. each expressly reserve the right, at their ESTATE, INC. and does not purport to provide a sole discretion, to reject any and all expressions necessarily accurate summary of the Property or of interest or offers regarding the Property and/or any of the documents related thereto, nor do they terminate discussions with any entity at any time purport to be all inclusive or to contain all of the with or without notice. Seller shall have no legal information which prospective investors may need commitment or obligation to sell the property FOR MORE INFORMATION, or desire. All projections have been developed by to any entity reviewing the Investment Offering PLEASE CONTACT: Seller, GOLA CORPORATE REAL ESTATE, INC. Memorandum or making an offer to purchase the and designated sources, and are based upon Property unless and until such offer is approved MARK GOLA assumptions relating to the general economy, by Seller, a written agreement for the purchase of competition and other factors beyond the control the Property has been fully executed, delivered Principal of Seller, and therefore are subject to variation. and approved by Seller and its legal counsel and 610-517-1607 No representation is made by Seller or GOLA any conditions to Seller’s obligations thereunder [email protected] CORPORATE REAL ESTATE, INC. as to the accuracy have been satisfied or waived. This Investment or completeness of the information contained Offering Memorandum and the contents are of a herein, and nothing contained herein, is, or shall confidential nature. By accepting the Investment BRIAN NEARY be relied on as a promise or representation as to Offering Memorandum, you agree that you will Director the future performance of the Property. Although hold and treat it in the strictest confidence, 215-219-7069 the information contained herein is believed that you will not photocopy or duplicate it, that [email protected] to be correct, Seller and its officers, directors you will not disclose the Investment Offering and employees disclaim any responsibility for Memorandum or any of the contents to any other inaccuracies and expect prospective purchasers entity (except to outside advisors retained by you to exercise independent due diligence in verifying if necessary, for your determination of whether GOLA CORPORATE REAL ESTATE, INC. all such information. Further, GOLA CORPORATE or not to make a proposal and from whom you 2490 Boulevard Of The Generals REAL ESTATE, INC., Seller and its officers, directors have obtained an agreement of confidentiality) Suite 100 and employees disclaim any and all liability without the prior written authorization of Seller, for representations and warranties, expressed and that you will not use the Investment Offering Norristown, PA 19403 and implied, contained in, or omission from the Memorandum or any of the contents in any 800-794-4652 Investment Offering Memorandum or any other fashion or manner detrimental to the interest of written or oral communication transmitted or Seller or GOLA CORPORATE REAL ESTATE, INC.. www.gola.com made available to the recipient. The Investment If you do not have an interest in the Property at Offering Memorandum does not constitute a this time, please return the Investment Offering representation that there has been a change in Memorandum forthwith. the business or affairs of the Property or Seller since the date of preparation of the Investment Offering Memorandum. Analysis and verification © 2021 GOLA CORPORATE REAL ESTATE, INC. of the information contained in the Investment Offering Memorandum is solely the responsibility of the prospective purchaser. W ROSE TREE RD CONTENTS 352 4 Executive Summary 7 Property Overview 8 Area & Market Overview 10 Restricted Use 11 Request for Proposals EXECUTIVE SUMMARY THE OFFERING Gola Corporate Real Estate is pleased to present 15.79 acres of fee simple PROPERTY INFORMATION estate land located Rose Tree Road and North Middletown Road in the bustling Philadelphia suburb of Media, Pennsylvania. This prime development ADDRESS: Rose Tree Road and North Middletown Road site sits in the heart of Delaware County directly across from the Promenade Media, Pennsylvania 19063 at Granite Run, a recently completed live, work, play redevelopment totaling 830,000 SF of retail, restaurants, entertainment and luxury apartments. PARCEL ID: 27-00-0244303 SIZE: 15.79 acres ZONING: I-4 Institutional District PERMITTED Minimum Lot Area – 1 Acre USES: Low Density Residential Communication Antennas CONDITIONAL Minimum Lot Area: 10 Acres USES: Office space related to medical uses Hospital Outpatient healthcare and healthcare related services Personal care facility Assisted living STREET +/- 792 Feet West Rose Tree Road FRONTAGE: +/- 531 Feet North Middletown Road 4 CONFIDENTIAL OFFERING MEMORANDUM CONNECTICUT Torrington Hartford West Hartford Poughkeepsie Bristol New Britain Middletown Waterbury Meriden Newburgh Beacon Naugatuck Scranton Middletown Saint Marys North Haven Danbury Shelton New Haven Peekskill Kingston Williamsport Trumbull West Haven Wilkes-Barre 380 87 206 Milford 81 Ossining Westport Ringwood Bridgeport Spring Valley Norwalk Berwick Ramsey 80 Wanaque Bloomsburg 80 East Stroudsburg Hillsdale Stamford 80 11 Hazleton Port Chester Hopatcong Yonkers 476 80 Paterson 209 Dover New Rochelle Sunbury Hackensack Passaic State College PENNSYLVANIA Mineola Patchogue 220 522 322 POPULATION Pottsville Easton Newark Babylon • The Smedley Property is located New York Freeport 78 78 Elizabeth Lynbrook in the Philadelphia-Camden- Allentown Bethlehem 22 Bayonne Wilmington Metro Statistical Area. Somerville Middlesex 22 209 Emmaus Long Beach Altoona 78 Perth Amboy • The area has a population of New Brunswick 81 522 6,191,755 and a median age of 39, 202 Keansburg South River with the largest population group in 1 Johnstown the 50-59 age range and the smallest Reading 9 Lebanon Princeton Long Branch population in 80+ range. 309 95 Harrisburg Lansdale 95 Freehold Eatontown PENNA 76 Pottstown • Delaware CountyTURN- is a growing Carlisle 476 Trenton Asbury Park 76 PIKE Ephrata jurisdiction in the PhiladelphiaElizabethtown Metro PENNA TURN- 276 195 PIKE Phoenixville King of Prussia Area. Bristol Point Pleasant 30 PENNA Lancaster TURN- 11 PIKE INCOME Columbia 76 Weigelstown 30 Moorestown 81 • Average Yorkhousehold income $102,326 West Chester Philadelphia Chambersburg and30 median household income of 222 Beachwood 220 Woodlyn Haddonfield 522 $71,766. 9 Hanover 206 NEW 83 30 Pine Hill JERSEY EDUCATION Wilmington 295 • Just under 40% of individuals over Newark Cumberland Pennsville Williamstown 40 95 Hagerstown the age of 24 have a college degree. Elkton 40 40 Westminster Havre de Grace EMPLOYMENT 322 Martinsburg Reisterstown 40 Vineland Frederick • Top 3 industries withinTimonium the area are 81 in Healthcare,Towson Social Assistance, Bridgeton Millville Pleasantville 70 Randallstown 13 Educational Services andParkville Atlantic City 340 Essex Somers Point Damascus Professional/Scientific/TechBaltimore Services 301 50 Dundalk Ocean City 15 Columbiawhich represent a total of 40% of the Winchester Brooklyn Park Germantown 270 population.Ferndale 220 North Laurel Green Haven Gaithersburg Dover Leesburg 9 95 Odenton Glenmont Severna Park DELAWARE Silver Spring Arnold Crofton Bethesda Annapolis Front Royal Reston VIRGINIA Arlington Washington D.C. MARYLAND Forestville Annandale Easton Burke Alexandria Manassas Mount Vernon PARCELS A & B | SMEDLEY PROPERTY 5 Waldorf Dale City Saint Charles Cambridge Harrisonburg Salisbury Fredericksburg Staunton Waynesboro Charlottesville LOCATION The Smedley Property has exceptional visibility and is strategically located immediately adjacent to the Delaware County’s primary arteries in Route 1 – Baltimore Pike and has exceptional frontage on another primary artery in Route 352 – N Middletown Road. Baltimore Pike connects directly to Philadelphia, Interstate 476, known as the Blue Route. The location is serviced by the 110, 111, 114, and 117 Septa Bus Routes and the Elwyn Regional Rail Station from Center City Philadelphia and points East is 2 miles from the site. 352 1 476 ELWYN STATION 1 352 1 476 95 Philadelphia International Airport 452 95 6 CONFIDENTIAL OFFERING MEMORANDUM ZONING Zoning ZONING MAP The following chart summarizes the subject’s zoning requirements. ZONING MAP ZONING SUMMARY CURRENT ZONING I-4, Institutional LEGALLY CONFORMING Yes USES PERMITTED Various low density residential uses. Conditional uses including hospital 352 and medical office, personal care 1 facility, assisted living, nursing facility, office elated to hospital, and supportive services for health Subject 476 ZONING CHANGE Not likely Category Zoning Requirement MINIMUM LOT SIZE 10 acres ELWYN STATION MINIMUM LOT WIDTH 200 feet MAXIMUM HEIGHT 55 feet 1 352 MINIMUM SETBACKS Not likely FRONT YARD Varies by height (50-70 feet) STREET SIDE YARD 35 feet 1 476 REAR YARD 50 feet 95 MAXIMUM BLDG COVERAGE 25% Philadelphia PARKING REQUIREMENTS Varies by use International Draft Airport Source: Middletown Township 452 ANALYSIS AND CONCLUSION 95 It is recommended that local planning and zoning personnel be contacted regarding more specific information that might be applicable to the subject. PARCELS A & B | SMEDLEY PROPERTY
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