Listed by SVN | Ahia Commercial Real Estate
$6,500,000
3 Friends Lane
Details
APN 29-010-107
Property Type Office
Sub Type Executive Office
Square Footage 19,464
Cap Rate 7.00%
NOI $457,776
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Price per SqFt $334
Year Built 1988
Year Renovated 2017
Buildings 1
Stories 3
Acreage 3.020
Zoning O-LI, Office Light Industrial District
Parking Spaces 100 spaces
Parking Per SqFt 5.14
Office | 7.00% CAP | 19,464 SqFt
Marketing description
SVN® is pleased to present a rare opportunity to acquire a high-quality, single-tenant absolute net-leased office investment in the heart of Newtown Township, one of the region’s most desirable submarkets. This ±20,000 square foot, three-story office building is fully leased to a well established financial institution with a history of strong growth and positive financial metrics, occupying the property since 2017. This offering presents an ideal opportunity for investors seeking stable returns, and a passive ownership structure with minimal landlord responsibilities. The property features exceptional curb appeal, blending stately design with modern functionality. Strategically positioned in a highly visible and easily accessible location, it offers direct connectivity to major regional thoroughfares.
Located at the signalized intersection of Friends Lane and Newtown Yardley Road, the area's well known thoroughfare. Situated at the gateway of Newtown Industrial Commons and in close proximity to numerous prominent retailers, hotels, restaurants, eclectic shopping, fine dining and other cultural attractions. The site is located 0.6 miles to PA-332, 1.8 miles to I-295/95 and 4.2 miles to Scudder Falls Bridge, offering convenient access to Philadelphia, Central and Southern New Jersey and New York.
Investment highlights
- Exceptional, a single-tenant net leased office investment opportunity
- Positioned in one of the region’s most in-demand commercial submarkets
- ±20,000 SF, three-story standalone office building
- Long term, investment-grade tenant
- Absolute NNN Lease structure
- No landlord responsibilities throughout the term
- Attractive 7% CAP Rate
- Immediate income from existing long-term tenant
- Amenities rich neighborhood
- Walking or short driving distance to restaurants, hotels, and lifestyle destinations
- Strong connectivity to Philadelphia, New Jersey, and New York metro areas
Listing Contacts
Listed by SVN | Ahia Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$457,776.00
$38,148.00/mo
Valuation Metrics
0
DSCR
7.04%
Cap Rate
7.04%
ROI
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