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

Other industrial properties

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].