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'Hybrid' Property Sells for $100 Per SF

WEST CHESTER, PA-A 15,000-sf building that consists of a 1700s historic house connected to a 1970s warehouse trades for just shy of $1.5 million.

By Marita Thomas | Updated on August 28, 2007

(Read more on the industrial market.)

WEST CHESTER, PA-After selling his business, Joseph D’Andrea, who operated a granite and marble fabrication company at 1139 Phoenixville Pike, has sold the 15,000-sf building for nearly $1.5 million, or just under $100 per sf, to locally based Vanrep Properties Inc. Like D’Andrea, the buyer is a user/owner who will utilize the unusual asset as a showroom, office and warehouse.

The property combines a 3,000-sf historic 1700s former residential building with a 12,000-sf modern warehouse that was added in the late 1970s. To most potential buys, the combination of structures would have been a detriment, according to MaryFrances McGarrity of King of Prussia-based Jackson Cross Partners, who represented the seller.

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