investment opportunity fully leased office space & 12000 sf flex building
INVESTMENT OPPORTUNITY FULLY LEASED OFFICE SPACE & 12,000 SF FLEX BUILDING 6 & 8 Pond Edge Drive West Chester, PA
listing details
TOMMY CICCARONE JR.
6 Ponds Edge Dr.
8 Ponds Edge Dr.
•• 8008+/- Square Feet
•• 12,000+/- SF of warehouse and office
•• Fully Leased CAP RATE
•• Drive in garage
•• Hair Salon through 2021
•• Loading dock
•• Law Office through 2019
•• Shorter term leases w/ long
•• Title Company through 2019
•• Aggressive Price Per SF Sale
•• Ample Parking
•• Block Construction
•• Over 25,000 VPD on
•• Flexible Zoning Flexible Floor Plans
Demographics
•• Ample Parking
1 mile
3 miles
5 miles
Estimated Population
1,798
15,258
47,225
Average Age
49.2
46.6
43.6
Average HH Income
$167,636
$170,370
$164,143
12,443
38,401
Estimated Total 1,451 Employees Traffic Counts (Daily) SitesUSA, Inc.
28,000
Brinton Lakes Shopping Center
time tenants available
•• Aggressive Cap Rate
Route 1 (PASDA 2011)
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
SITE
aerial
TOMMY CICCARONE JR.
SHAUN M. LYONS
Br
in
to
n
Br
id
ge
Rd
.
[email protected] [email protected] 610.999.5800 267.707.3347
Baltim
ore P
ike
SITE 28K Pon dge
ds E Dr.
N
LOCATION: WEST: Kennett Square SOUTH: Wilmington
NORTH: West Chester
S
rent roll
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
6 Ponds Edge Dr. Tenant Lyons & Dougherty, LLC
Sqaure Feet 3,622
Base Rent $ 12.00
$3,622.00
$43,464.00
Condo Fees $3.00 $ 905.50
Total Monthly $4,527.50
Lyons & Dougherty, LLC
2,186
$ 8.00
$1,457.33
$17,488.00
$2.00
$ 364.33
$1,821.67
7/31/15-7/31/18 Extending 1 year 12/1/16-11/30/19
Eminence Salon Electric
2,200
$ 8.00 $ 2.00
$1,466.67 $366.67
$11,733.33
$3.00
$ 550.00
$2,383.33
7/31/2021 $10 per foot YRS 2-5
Total Square Feet Total Monthly Total Annually
8,008
6 Ponds Edge Property Details Insurance
$2,000.00
Condo Association
$16,554.53
Taxes
Expenses Net
$16,500.00 $35,054.53 $69,735.47
$8,732.50 $104,790.00
rent roll
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
8 Ponds Edge Dr. Condo Fees
Tenant Vacant Office Akers of Strength
Sqaure Feet 336 168
Base Rent $15.00
$210.00
$2,520.00
Advanced Dentistry Electric
3064
$8.00 $2.00
$2,042.67 $510.67
$24,512.00
$3.50
Sage Business Electric
2467
$6.00 $1.50
$1,233.50 $308.38
$14,802.00
$2.75
3655 Inc 3655 Inc 3655 Inc
2648 1073 3721
$6.45
$2,000.00
$24,000.00
Vacant (Warehouse)
2400
Total Total Monthly Total Annually
12156
8 Ponds Edge Property Details
$2,000.00
Condo Association
$22,000.00
Expenses Net
$210.00
Month to month
$ 893.67
$2,936.33 $3,447.00
Month to month
$ 565.35
$1,798.85 $2,107.23
Month to month Proposed
$2,000.00 $2,050.00
3/31/2017 Year 2
$7,764.23 $93,170.79
Insurance Taxes
Total Monthly
$24,500.00 $48,500.00 $44,670.79
8 ponds edge floor plan
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
120'-0"
24'-9 3/4"
Warehouse Interior 2648 Sq Ft
57'-4 1/8"
21'-4 7/16"
20'-2 5/16"
Studio 440 sq ft
13'-1/2"
12'-4 15/16"
60'-0"
Warehouse 2400 sq ft
24'-15/16"
5'-6 7/8"
15'-4 3/4"
Studio 2 255 sq ft
Hallway 264 sq ft
Dentist 3200 sq ft 11'-11 3/4"
64'-1 11/16"
Computer Lab and Room 378 sq ft 9'-2 3/16"
50'-9 1/4"
8 Pond Edge Drive Suites 1 and 2 4'-11 9/16"
12'-0"
Dentist Utility 60 sq ft
47'-5 9/16"
Front Office 1320 sq ft
Entry Common Area 232 sq ft
13'-9 3/8" 16'-4 15/16"
13'-8 11/16"
14'-0"
13'-7 3/4"
6'-10 15/16"
4'-6 9/16"
Bathroom Common Area 440 sq ft
80'-0"
zoning
TOMMY CICCARONE JR.
[email protected] [email protected] 610.999.5800 267.707.3347
ist y D
RD so n co p
Blu estog C on
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Twin L
MHP
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Birmingham Township
LA Man r RD
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LA ddock Pa
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R-2 Shadow Hill Spring RD
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Map created: February 27, 2013
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Data sources: Tax parcels, roads, streams and bodies of water from Chester County GIS Department, 12/2011. Zoning districts created by Brandywine Conservancy, 11/2012. Disclaimer: Parcel lines depicted do not represent actual field surveys.
DELAWARE COUNTY
Ridg Ru n
3,600 Feet
PK
1,800
ler
VC
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0
Residential Residential Residential Residential Residential Mobile Home Park Highway Commercial Village Commercial Light Industrial Multi-Use Village Residential
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Center Mill RD
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Zoning District
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Zoning Code
LI
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PK Baltimore
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Whi
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Birmingham Township
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East Marlborough Township
SHAUN M. LYONS
E CO ST L
UNT
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Pennsbury Township Chester County, Pennsylvania Zoning Map 12/10/12 (amended 2/27/13)
W DELA
ARE
LEGEND Roads Streams Bodies of water Zoning boundaries Tax parcels Township boundary
listing details
TOMMY CICCARONE JR.
6 Ponds Edge Dr.
8 Ponds Edge Dr.
•• 8008+/- Square Feet
•• 12,000+/- SF of warehouse and office
•• Fully Leased CAP RATE
•• Drive in garage
•• Hair Salon through 2021
•• Loading dock
•• Law Office through 2019
•• Shorter term leases w/ long
•• Title Company through 2019
•• Aggressive Price Per SF Sale
•• Ample Parking
•• Block Construction
•• Over 25,000 VPD on
•• Flexible Zoning Flexible Floor Plans
Demographics
•• Ample Parking
1 mile
3 miles
5 miles
Estimated Population
1,798
15,258
47,225
Average Age
49.2
46.6
43.6
Average HH Income
$167,636
$170,370
$164,143
12,443
38,401
Estimated Total 1,451 Employees Traffic Counts (Daily) SitesUSA, Inc.
28,000
Brinton Lakes Shopping Center
time tenants available
•• Aggressive Cap Rate
Route 1 (PASDA 2011)
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
SITE
aerial
TOMMY CICCARONE JR.
SHAUN M. LYONS
Br
in
to
n
Br
id
ge
Rd
.
[email protected] [email protected] 610.999.5800 267.707.3347
Baltim
ore P
ike
SITE 28K Pon dge
ds E Dr.
N
LOCATION: WEST: Kennett Square SOUTH: Wilmington
NORTH: West Chester
S
rent roll
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
6 Ponds Edge Dr. Tenant Lyons & Dougherty, LLC
Sqaure Feet 3,622
Base Rent $ 12.00
$3,622.00
$43,464.00
Condo Fees $3.00 $ 905.50
Total Monthly $4,527.50
Lyons & Dougherty, LLC
2,186
$ 8.00
$1,457.33
$17,488.00
$2.00
$ 364.33
$1,821.67
7/31/15-7/31/18 Extending 1 year 12/1/16-11/30/19
Eminence Salon Electric
2,200
$ 8.00 $ 2.00
$1,466.67 $366.67
$11,733.33
$3.00
$ 550.00
$2,383.33
7/31/2021 $10 per foot YRS 2-5
Total Square Feet Total Monthly Total Annually
8,008
6 Ponds Edge Property Details Insurance
$2,000.00
Condo Association
$16,554.53
Taxes
Expenses Net
$16,500.00 $35,054.53 $69,735.47
$8,732.50 $104,790.00
rent roll
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
8 Ponds Edge Dr. Condo Fees
Tenant Vacant Office Akers of Strength
Sqaure Feet 336 168
Base Rent $15.00
$210.00
$2,520.00
Advanced Dentistry Electric
3064
$8.00 $2.00
$2,042.67 $510.67
$24,512.00
$3.50
Sage Business Electric
2467
$6.00 $1.50
$1,233.50 $308.38
$14,802.00
$2.75
3655 Inc 3655 Inc 3655 Inc
2648 1073 3721
$6.45
$2,000.00
$24,000.00
Vacant (Warehouse)
2400
Total Total Monthly Total Annually
12156
8 Ponds Edge Property Details
$2,000.00
Condo Association
$22,000.00
Expenses Net
$210.00
Month to month
$ 893.67
$2,936.33 $3,447.00
Month to month
$ 565.35
$1,798.85 $2,107.23
Month to month Proposed
$2,000.00 $2,050.00
3/31/2017 Year 2
$7,764.23 $93,170.79
Insurance Taxes
Total Monthly
$24,500.00 $48,500.00 $44,670.79
8 ponds edge floor plan
TOMMY CICCARONE JR.
SHAUN M. LYONS
[email protected] [email protected] 610.999.5800 267.707.3347
120'-0"
24'-9 3/4"
Warehouse Interior 2648 Sq Ft
57'-4 1/8"
21'-4 7/16"
20'-2 5/16"
Studio 440 sq ft
13'-1/2"
12'-4 15/16"
60'-0"
Warehouse 2400 sq ft
24'-15/16"
5'-6 7/8"
15'-4 3/4"
Studio 2 255 sq ft
Hallway 264 sq ft
Dentist 3200 sq ft 11'-11 3/4"
64'-1 11/16"
Computer Lab and Room 378 sq ft 9'-2 3/16"
50'-9 1/4"
8 Pond Edge Drive Suites 1 and 2 4'-11 9/16"
12'-0"
Dentist Utility 60 sq ft
47'-5 9/16"
Front Office 1320 sq ft
Entry Common Area 232 sq ft
13'-9 3/8" 16'-4 15/16"
13'-8 11/16"
14'-0"
13'-7 3/4"
6'-10 15/16"
4'-6 9/16"
Bathroom Common Area 440 sq ft
80'-0"
zoning
TOMMY CICCARONE JR.
[email protected] [email protected] 610.999.5800 267.707.3347
ist y D
RD so n co p
Blu estog C on
a
Twin L
MHP
D R
Fa
Sparrowhaw
R Fairhill D
CA
Birmingham Township
LA Man r RD
ntree D
Rai
Co s s
LA ddock Pa
NEW
a rt
R-2 Shadow Hill Spring RD
k LA
ks Haw A L Nest
S
Wed gewo
e RD
D eR v ill
R
Map created: February 27, 2013
rt RD
D
Co ssa
SC re e kR
ck f ord
R-1
Sto
RD
o
Data sources: Tax parcels, roads, streams and bodies of water from Chester County GIS Department, 12/2011. Zoning districts created by Brandywine Conservancy, 11/2012. Disclaimer: Parcel lines depicted do not represent actual field surveys.
DELAWARE COUNTY
Ridg Ru n
3,600 Feet
PK
1,800
ler
VC
ett
0
Residential Residential Residential Residential Residential Mobile Home Park Highway Commercial Village Commercial Light Industrial Multi-Use Village Residential
ir Fa
Center Mill RD
R-1 R-2 R-3 R-4 R-5 MHP HC VC LI MU VR
Zoning District
nn
Zoning Code
LI
ir
Ke
od D R
RD
t
g R u nninR Fo x T
VR
le
Chadds Ford Township RD
e
vil
Hillc res LA Stab
R-3 ll vi
ir Fa
LA
e RD Hillendal
J a cobs WY
e idg
g WY Stirlin
t u tion DR d LA or n nc C o WY ngto hi
yR
m post L a LA
ns A
R-2
Tur
Y
as W
ns ti
Sun n
R-4
u Josh
Leg end LA
Co
g
N LA Po n d
RD
ll
e
O ld Baltim ore PK o ge r th
Was
DR
La
DR
iew kev
N Ri d
HC
ds C h ad R For d D
n McFadde
PK Baltimore
MU
s E d ge
Ev
RD
gD R
B S t lue one CT
Re s RD n
Whi
an DR ove r
en Pe n n W nsb WY sbur Y ur y y
Hickory Hill RD
Quail RN De er Path LA
Chaddwyck LA
ey G r DR e Do v
R-4 E W P
R-2
arn bB Web LA
Birmingham Township
ge RD
r RD
ll Fern Hi
ndle
nR D
a CT
B rid
R-1
n Ru Fo x RD
C ha
RW
G le
H
ton s
Stone
DR
reen erg T C
A
l in Sap
Kennett Township
Po
DR
CI
A
e
pple
R-4
LA c h ard
RD
w Willo O r
lle
R-5
B rin
ood tew WY
i kersv
Pond Mill LA
R
ul lan LA
LA
Pa r
Crosslands D R
t RD
M M c rm Fa
DR al
Lenape R D
ni
tr ee
to
ven Ra
l ha
ES
In gle
A l L
c Gra y LA
R-3
L intree Ball
ik
R-2 Me aMdow
Co l o
Ch ery
el R
Wate rg l en n sto er lv R U D Ca rtm n D
t RD ree St W R D nn
re
Pe
mo T ul la R D
Vi
Pocopson Township
East Marlborough Township
SHAUN M. LYONS
E CO ST L
UNT
Y
Pennsbury Township Chester County, Pennsylvania Zoning Map 12/10/12 (amended 2/27/13)
W DELA
ARE
LEGEND Roads Streams Bodies of water Zoning boundaries Tax parcels Township boundary
