Asking sale price for the building is $3.6 million or $78.26 per sf. It is just off the local interchange of the PA Turnpike and is located adjacent to 61 acres of vacant land for possible expansion.
The asking rental rate for this building is $17.50 per sf, plus utilities. That represents a reduced rate in comparison with the average asking rental rate of about $18.20 per sf for class-A office space in the Lehigh Valley to the north. It is also well below the average asking rental rate of about $21.75 per sf for similar space within the entire Greater Philadelphia area, which includes the Philadelphia suburbs and parts of NJ and DE.
Reid Blynn and Peter Strickler of the Wayne, PA, office of Smith Mack/Oncor International are marketing the property.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
