As exclusive agent, Cushman & Wakefield is pleased to offer for sale 790 Penllyn Blue Bell Pike, a three story, 35,130 SF office building in Blue Bell, Pennsylvania. The building is currently 98% leased providing investors with strong & immediate cash on cash returns.
Blue Bell is an affluent town that is widely regarded as one of the best places to live in all of Pennsylvania. The town is filled with restaurants, shops, entertainment, and high-end country clubs. 790 Penllyn Blue Bell Pike is surrounded by amenities, with both the Plymouth Meeting Mall and Center Square Shopping Center a few miles away. The nearby intersection of I-476 and I-276 (The Pennsylvania Turnpike), provides excellent access to the entire Philadelphia region. Additionally, the town is well known for its safety and highly acclaimed educational system. Given all that the area has to offer, Blue Bell serves as an attractive option to key decision makers and business owners.
Property Summary
LOCATION: |
790 Penllyn Blue Bell Pike, |
YEAR BUILT: |
1985 |
SIZE: |
35,130 SF |
GROSS AREA OF PROPERTY: |
2.21 Acres |
OCCUPANCY: |
100% |
PARKING RATIO: |
3.8 / 1,000 SF |
STORIES: |
3 |
Investment Highlights
- 98% Leased With Strong In-Place Cash Flow
98% leased building with strong in-place cash flow, providing investors with immediate cash on cash returns. Over the past four years, the building has maintained occupancy levels of 83%, 89%, 87%, and 98%. - Affluent and Amenity Rich Blue Bell Location
Blue Bell is one of the most affluent areas in the Philadelphia region.
- Median Home Value: $511,000
- Average Household Income: $178,072
- Bachelor’s Degree or Higher: 76.14%
- Poverty Rate: 1.04% - Transit-Oriented Location
The building’s location benefits from excellent access to both I-476 and I-276 (The Pennsylvania Turnpike), with the Plymouth Meeting interchange only 3.7 miles away. The SEPTA Penllyn Station is less than 2 miles from the Property, providing an alternative transportation option and quick access to and from Center City.