101 West Ave - Office FOR SALE


Jenkintown, PA 19046
$8,400,000 USD
267-252-0191
101 West Ave, Jenkintown, PA for Sale
$8,400,000 USD
Office - FOR SALE
1/8
null | 7.43% Cap Rate

NEW


101 West Ave
Jenkintown, PA 19046


HIGHLIGHTS

  • Prestigious Jenkintown, Montgomery County address
  • Proximity to Old York Road shopping district
  • Highly desirable residential area
  • Directly adjacent to commuter rail station
  • 29,327 RSF 2nd floor still available for Owner / Occupant
  • Extreme barriers to entry of new office product

OVERVIEW

PROPERTY OVERVIEW The subject is located at 101 West Avenue, Jenkintown, PA in the Horsham/Willow Grove real estate submarket of Greater Philadelphia. Built in 1990 and renovated in 2018 and 2024, the building is a three-story, steel and concrete structure clad in concrete panels and colorful metal mansard roof coping containing approximately 84,210 square feet (SF). The Subject Property is on a 3.35-acre site and includes 287 covered and open-air parking spaces. This asset has an attractive, large courtyard entry and atrium lobby. It is just a three-minute walk from the Jenkintown Station stop on SEPTA’s commuter rail line between Philadelphia’s Center City and surrounding Montgomery County suburbs. The Property is occupied by finance, insurance, accounting, healthcare and other service-type tenants. Ownership has strategically leased up the 1st and 3rd floors, leaving the entire 29,327 SF second floor overlooking the three-story atrium lobby open for an Owner / Occupant. VALUE ABSTRACT • Likely buyers will be local and regional private equity with “value added” return parameters who view the current vacancy as an opportunity to increase NOI as Covid retreats in the rear-view mirror and capital markets recover, building on the stable tenancy the Owner has achieve, OR • an Owner / Occupant, as noted above. PRICING The Offering is priced at $8,400,000, roughly $100 per RSF. Call or email the Owner’s Exclusive Agent for details, or complete, sign and return the CA attached. If you are not a principal, a separate CA for cooperating brokers and their principals is available from the Exclusive Agent.

FOR SALE DETAILS

PRICE

$8,400,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

7.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

101 West Avenue

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

287

LAND DETAILS

LAND ACRES

3.35 AC

LAND SF

145,926 SF

ZONING

GC

APN/PARCEL ID

10-00-04840-001

ASK ABOUT THIS PROPERTY

Jeffrey AlgattColliersMore Info
267-252-0191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeffrey AlgattColliersMore Info
267-252-0191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.