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.