501 Abbott DrBroomall, PA 19008

Property Details for 501 Abbott Dr

Year built

1981

Lot size

1.00 AC

Property size (Sq ft)

25,000 SF

Property type

Industrial properties

Property subtype

Flex space

Description

This exceptional investment opportunity presents a +/- 25,000 square foot flex space building situated on approximately one acre in Broomall, Pennsylvania. The property, located at 501 Abbott Dr, 19008, within the Lawrence Park Industrial Center, comprises two three-story buildings with 24 individual units ranging from 191 to 3,274 square feet – highly desirable sizes in a competitive market. Currently boasting 83% occupancy, the property generates a Net Operating Income (NOI) of $190,530, representing a 6.93% capitalization rate. However, a pro-forma analysis projects a significant increase to a 9.17% cap rate upon achieving 100% occupancy, with a projected NOI of $252,300. Built in 1981, the property features 12-14 foot ceiling heights and two loading docks. The permitted zoning is I-Industrial. The asking price is $2,750,000, translating to $110 per square foot and $114,583.33 per unit. This value-add opportunity offers substantial potential for increased profitability through lease-up and operational improvements. Detailed financial statements are available upon request. Don't miss this chance to acquire a well-located, multi-tenant flex building in a thriving market.

Location Insight

City

Broomall

County

Delaware

State

Pennsylvania

Latitude

39.9593

Longitude

-75.3386

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