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8 E Germantown Pike

3,000 SF Vacant Office Building Plymouth Meeting, PA 19462 $1,212,090 CAD ($404 CAD/SF) 6.47% Cap Rate

Investment Highlights

  • Convenience
  • In excellent condition
  • Nearby landmarks include Plymouth Meeting Mall, The Metroplex, and Whitemarsh Township.
  • Attractive building
  • Near major highways like the Schuylkill Expressway (I-76), the Pennsylvania Turnpike (I-276), and Route 476
  • Philadelphia is around 20 minutes away, making Plymouth Meeting a desirable location for businesses

Executive Summary

This handsome professional retail office building offers a highly visible location on Germantown Pike near to PA Turnpike's Plymouth Meeting interchange & the Blue Route (#476). This well-built, well-designed, & well-maintained 2-story building was developed in 2001 and features a first floor and second floor autonomous office units. The property consists of an original historic house improved with a large 2-story stone faced frame addition with full basement and ample 14 car parking lot. Both offices offer separate private entrances and share a common foyer with basement access. Each office has a set of private offices, conference room, lobby/reception area, kitchenette, and bathroom. Many large windows and interior glass doors fill the building with natural light. Most interior walls are free standing and may be removed to create larger open areas or easily modify the floor plan to accommodate buyer or tenants needs. Each office has separate utilities with C/A & gas hot air heat. A large basement with outside entrance offers ample storage. The first-floor office unit is leased. The second floor is available for immediate occupancy.

Financial Summary (Actual - 2022)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $100,891 $33.63
Other Income - -
Vacancy Loss - -
Effective Gross Income $100,891 $33.63
Taxes $16,815 $5.61
Operating Expenses $5,605 $1.87
Total Expenses $22,420 $7.47
Net Operating Income $78,471 $26.16

Financial Summary (Actual - 2022)

Gross Rental Income (CAD)
Annual $100,891
Annual Per SF $33.63
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $100,891
Annual Per SF $33.63
Taxes (CAD)
Annual $16,815
Annual Per SF $5.61
Operating Expenses (CAD)
Annual $5,605
Annual Per SF $1.87
Total Expenses (CAD)
Annual $22,420
Annual Per SF $7.47
Net Operating Income (CAD)
Annual $78,471
Annual Per SF $26.16

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,000 SF
Building Class
C
Year Built
1999
Price
$1,212,090 CAD
Price Per SF
$404 CAD
Cap Rate
6.47%
NOI
$78,471 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,500 SF
Slab To Slab
10’
Building FAR
0.20
Land Acres
0.34 AC
Zoning
Village Commercial #2 - Mixed use
Parking
7 Spaces (2.33 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Kitchen
  • Basement
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Partitioned Offices
  • Wi-Fi
  • Hardwood Floors
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Downey Spevak
  • Finance and Insurance
  • 1,500 SF
  • -
  • Plus All Utilities
  • Oct 2024
  • Real Estate
  • 1,500 SF
  • -
  • Plus All Utilities
  • Mar 2024

Forged Real Estate est une société de courtage immobilier commercial qui se concentre sur la vente de placements. Nous nous spécialisons dans les actifs de location nette à locataire unique et multilocataire à l'échelle nationale et représentons des clients d'immeubles de placement par le biais de cessions, d'acquisitions, de 1031 échanges et de cession-bail. Forte de plus de trente ans d'expérience, notre équipe a tissé d'excellentes relations dans ce secteur et nous sommes très fiers de notre réputation auprès de nos clients et de nos collègues courtiers. Nous ajoutons de la valeur, accordons toujours la priorité à nos clients et sommes devenus un partenaire de confiance pour de nombreux promoteurs immobiliers, propriétaires et investisseurs. Nous dépasserons vos attentes et sommes impatients de travailler avec vous. Fondée en 2021, située à Plymouth Meeting, Pennsylvanie.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Downey Spevak Finance and Insurance 1,500 SF - Plus All Utilities Oct 2024
Real Estate 1,500 SF - Plus All Utilities Mar 2024

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 1,500 SF
  • Office
  • Full Build-Out
  • Now

Excellent état - 2ème étage avec une grande lumière naturelle parfaite pour les entreprises de services professionnels, l'immobilier, le cabinet d'avocats, la comptabilité, le conseil, etc. Beau immeuble entièrement reconstruit en 2001 avec grand parking et emplacement, route bleue pratique, extension nord-est, autoroute à péage, autoroute Schuylkill à Plymouth Meeting près de Germantown et Butler Pike. 3 bureaux privés avec salle de conférence pouvant également être utilisée comme bureau. Également, espace ouvert pour accueillir 4 à 6 cubes. garde-manger avec petit réfrigérateur, four à micro-ondes et évier. Salle d'eau.

Space Size Space Use Condition Available
2nd Floor 1,500 SF Office Full Build-Out Now

2nd Floor

Size
1,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size 1,500 SF
Space Use Office
Condition Full Build-Out
Available Now

Excellent état - 2ème étage avec une grande lumière naturelle parfaite pour les entreprises de services professionnels, l'immobilier, le cabinet d'avocats, la comptabilité, le conseil, etc. Beau immeuble entièrement reconstruit en 2001 avec grand parking et emplacement, route bleue pratique, extension nord-est, autoroute à péage, autoroute Schuylkill à Plymouth Meeting près de Germantown et Butler Pike. 3 bureaux privés avec salle de conférence pouvant également être utilisée comme bureau. Également, espace ouvert pour accueillir 4 à 6 cubes. garde-manger avec petit réfrigérateur, four à micro-ondes et évier. Salle d'eau.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65-00-04744-006
Land Assessment
$208,428 CAD (2024)
Improvements Assessment
$296,033 CAD (2024)
Total Assessment
$504,462 CAD (2024)
Annual Taxes
$16,815 CAD ($5.61 CAD/SF)
Tax Year
2022
  • Listing ID: 32039471

  • Date on Market: 2022-12-30

  • Last Updated:

  • Address: 8 E Germantown Pike, Plymouth Meeting, PA 19462

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