Quakertown Interchange | 1900 AM Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Quakertown Interchange 1900 AM Dr
46,000 SF 71% Leased Office Building Quakertown, PA 18951 $10,110,450 CAD ($220 CAD/SF) 4.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Zoning is highly flexible and accommodates for several business uses.
- The building is only minutes to Route 663 and the PA Turnpike 476.
- Multiple corporate neighbors surround the property and include St. Luke's, LifeQuest, McDonald's, and Holiday Inn.
- A single drive-in bay is also accessible in the rear.
EXECUTIVE SUMMARY
Equis Commercial Real Estate Services is pleased to present to all investors an opportunity to own 1900 AM Dr which is a 46,000 SF multi office building. Currently the standing cap rate is 7.06% which corresponds to the exist NOI of $328,314 with a value add of 38.71% on additional lease up. The projected Cap is 14.07%.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,212,320
|
$26.35
|
| Other Income |
$6,145
|
$0.13
|
| Vacancy Loss |
$481,078
|
$10.46
|
| Effective Gross Income |
$737,387
|
$16.03
|
| Taxes |
$112,085
|
$2.44
|
| Operating Expenses |
$150,395
|
$3.27
|
| Total Expenses |
$262,480
|
$5.71
|
| Net Operating Income |
$474,906
|
$10.32
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,212,320 |
| Annual Per SF | $26.35 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,145 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $481,078 |
| Annual Per SF | $10.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $737,387 |
| Annual Per SF | $16.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $112,085 |
| Annual Per SF | $2.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $150,395 |
| Annual Per SF | $3.27 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $262,480 |
| Annual Per SF | $5.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $474,906 |
| Annual Per SF | $10.32 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
46,000 SF
Building Class
B
Year Built
1983
Price
$10,110,450 CAD
Price Per SF
$220 CAD
Cap Rate
4.69%
NOI
$474,200 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,000 SF
Slab To Slab
10’
Building FAR
0.17
Lot Size
6.38 AC
Zoning
23I, Milford Twp - Industrial District
Parking
230 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Signage
- Central Heating
- Natural Light
- Monument Signage
- Air Conditioning
ABOUT 1900 AM DR , QUAKERTOWN, PA 18951
1900 AM Drive is a class-A multi-tenant office building located in the center of Quakertown. This aesthetically pleasing property features a gorgeous all glass atrium-style lobby with multi level panoramic windows. The building also features beautiful interior brick walls, recently renovated copper ceilings, brand new carpeting throughout, and high-end finishes.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Hill International, STMicroelectronics, Quantum,
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Hill International, STMicroelectronics, Quantum, | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Three months FREE rent up front with a 5 year lease. Owner will modify space according to tenant's needs.
- 1st Floor
- 5,374 SF
- Office
- Full Build-Out
- 30 Days
Three months FREE rent up front with a 5 year lease.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,401 SF | Office | Full Build-Out | Now |
| 1st Floor | 5,374 SF | Office | Full Build-Out | 30 Days |
| 2nd Floor | 3,500-7,840 SF | Office | Shell Space | Now |
1st Floor
| Size |
| 5,401 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 5,374 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 3,500-7,840 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,401 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Three months FREE rent up front with a 5 year lease. Owner will modify space according to tenant's needs.
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 3,500-7,840 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | Now |
Three months FREE rent up front with a 5 year lease.
PROPERTY TAXES
| Parcel Number | 23-002-150-001 | Total Assessment | $565,055 CAD (2024) |
| Land Assessment | $99,853 CAD (2024) | Annual Taxes | $112,085 CAD ($2.44 CAD/SF) |
| Improvements Assessment | $465,202 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
23-002-150-001
Land Assessment
$99,853 CAD (2024)
Improvements Assessment
$465,202 CAD (2024)
Total Assessment
$565,055 CAD (2024)
Annual Taxes
$112,085 CAD ($2.44 CAD/SF)
Tax Year
2022
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Quakertown Interchange | 1900 AM Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.