662 Penn St - Office FOR SALE


Newtown, PA 18940
$17,950,000 USD
215-499-8799
662 Penn St, Newtown, PA for Sale
$17,950,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

662 Penn St
Newtown, PA 18940


OVERVIEW

The building improvements consist of an 88,746 +/- square foot free-standing two and part three-level office building constructed in 2004 for owner occupancy by Law School Admissions Counsel. The main entrance is located above grade along the south elevation and is accessed by exterior stairs and an ADA-compliant concrete ramp. Additional employee and maintenance entrances are located along the north, east and western elevations of the building. The main entrance leads to a reception area and a two-story atrium in the middle of the building. The second floor is accessed primarily by an atrium staircase and an adjacent passenger elevator that also services the lower level. The first floor contains private offices, open general office areas with cubicles, a 100+ seat lunch room with an outdoor terrace, a mail/copy room, a computer server room, two multiple-piece lavatories and a receiving area with two tailgate loading doors. The second floor has a traditional office layout with lavatories, small break rooms and file/copy rooms in the center core, general offices and smaller private offices adjacent to the core, and private offices and conference rooms along the perimeter. Four first and second-floor offices (two per floor) along the eastern elevation have private balconies. The lower level of the building contains a 54 car subterranean parking garage, a newly finished area with a fitness room, break room, training room, and two lavatories. Also, there are two climate-controlled (basement) storage areas on the lower level which are not included in the building area calculations. Two interior fire tower staircases provide emergency ingress and egress to the building.

FOR SALE DETAILS

PRICE

$17,950,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

265

LAND DETAILS

LAND ACRES

7.09 AC

LAND SF

309,015 SF

ZONING

L1

APN/PARCEL ID

29-010-033

ASK ABOUT THIS PROPERTY

Brian Glancey, SIORThe Flynn CompanyMore Info
215-499-8799

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Brian Glancey, SIORThe Flynn CompanyMore Info
215-499-8799

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