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27765019
27765018

629 Pike Springs Rd, Phoenixville, PA 19460

LM
CA CA 02208617
Matthews
Matthews
AH
CA 02009656
Matthews
Listed by Matthews
$1,626,000
155 days on market
Updated 5 days ago

US LBM - Philadelphia MSA

Details
APN 2602R00250100
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 12,000
Cap Rate 6.00%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 04/30/2028
Remaining Term 1.9
Rent Bumps Yes
Lease Options (1) 5-Year Option
Price per SqFt $136
Price Per Acre $406,500
Stories 1
Acreage 4.000
Zoning R-2
Investment Type Value Add
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2013
Ground Lease No

13.09% Pro Forma Cap Rate | 70% Below Market Rent | 60+ Years of Operating History

Investment highlights

Rare Low-Coverage Industrial Asset with Substantial Outdoor Storage:

±12,000 SF industrial facility situated on ±4.0 acres, reflecting a low site coverage ratio of 6.89%—an exceptionally scarce configuration within the Philadelphia MSA. The expansive yard area supports a range of outdoor-intensive operations such as building materials distribution, while also offering significant flexibility for truck circulation, inventory management, and future expansion or redevelopment.

Compelling Rental Upside with Long-Term Hold Appeal:

In-place rent is currently more than 70% below prevailing market rates, presenting a strong value-add opportunity. Located in a supply-constrained submarket with high barriers to new development, the asset combines near-term income growth potential with durable long-term value rooted in underlying land scarcity.

Strong Corporate Guarantee with Institutional Sponsorship:

Fully leased to US LBM, a national building materials distributor operating 460+ locations across the U.S. The tenant is backed by Bain Capital and Platinum Equity and reported approximately $8.2 billion in revenue in 2024. This corporate-backed lease structure provides investors with stable, long-term cash flow and minimized credit risk.

Listing Contacts

LM
CA CA 02208617
Matthews
Matthews
AH
CA 02009656
Matthews
Listed by Matthews

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Zoning

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C CommercialGeneral CommercialCommercial
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Kyle Matthews
License
RB068831 (PA)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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