78 Wells Rd - Light Distribution FOR SALE


Spring City, PA 19475
$1,760,000 USD
404-823-6758
78 Wells Rd, Spring City, PA for Sale
$1,760,000 USD
Light Distribution - FOR SALE
1/4
null | 7.5% Cap Rate

78 Wells Rd
Spring City, PA 19475


HIGHLIGHTS

  • Largest Domestic Supplier of Field Hockey Equipment in the U.S.
  • Rare Dual Use Warehouse & Retail Facility
  • Adjacent to Premier Field Hockey Club & Training Center
  • Centralized Customer Base in Top Region for Field Hockey
  • Significant Population Growth in Philadelphia Suburb
  • Prime Location Near Main Industrial & Medical Hub - 291K+ Labor Force Population

OVERVIEW

Longstreth's revitalized facility features a unique, 5K SF retail experience for customers as well as approximately 16K SF of warehouse space and 4K SF of office space. In addition, new LED lighting was recently installed throughout the building and the HVAC system in the office space was significantly upgraded. Since 1977, Longstreth has supported the development of female athletes across field hockey, lacrosse, and fastpitch softball by offering an extensive line of equipment, stick packages, goalie gear, performance wear, apparel, and accessories. In February 2021, Longstreth strengthened its position as the nation's #1 supplier of field hockey products with the acquisition of CranBarry, Inc., the leading wholesale distributor to a strong collection of retailers from Dick's Sporting Goods to independent specialty shops. The Property is ideally positioned next to the WC Eagles Field Hockey Club and Training Facility. Built in 2009, the Training Center is the first and only field hockey specific facility in the country and features three (3) indoor courts and the Joe Neuber Field - an outdoor stadium with state-of-the-art TigerTurf playing surface. Field hockey is most popular in the Mid-Atlantic and Northeast regions of the U.S. but is growing in interest at the youth and high school levels across the country. In particular, Pennsylvania and New Jersey are considered to have the best field hockey programs in the U.S., with Pennsylvania serving as the headquarters for the USA Field Hockey Team from 2013-2020. Furthermore, approximately 266 schools compete in field hockey in Chester County alone, with more than 114,490 female athletes (Source: PIAA).

FOR SALE DETAILS

PRICE

$1,760,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longstreth Sporting Goods

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Storefront, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

29

LAND DETAILS

LAND ACRES

2.9

LAND SF

126,324

ZONING

HI (Heavy Industrial)

APN/PARCEL ID

18-005-0019.0000

ASK ABOUT THIS PROPERTY

Margaret CaldwellNorthmarqMore Info
404-823-6758

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Margaret CaldwellNorthmarqMore Info
404-823-6758

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