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900 W BALTIMORE PIKE West Grove, PA 19390
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Key Details
Sold Price $4,737,500
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 24,700 sqft
Price per Sqft $191
MLS Listing ID PACT504876
Sold Date 09/16/20
HOA Y/N N
Originating Board BRIGHT
Year Built 2006
Annual Tax Amount $75,218
Tax Year 2020
Lot Size 2.591 Acres
Acres 2.59
Lot Dimensions 0.00 x 0.00
Property Description
The Jennersville Professional Center is located in Jennersville, Pennsylvania directly across the street from Jennersville Regional Hospital and within a two minute drive to the US RT 1 interchange with PA Rt 796. Aside from the historic past, Jennersville has become a new cornerstone and hub of business in the Southern Chester County region. This bustling village is in the heart of Penn Township which includes Jennersville Regional Hospital, Southern Chester County YMCA, Jenners Pond Retirement Community, Luther House Retirement Community, Penn Medicine Center, Jennersville Shopping Center and numerous new and established residential communities. Jennersville Professional Center is in a prime location on the main road next to the Community YMCA with a membership in excess of 14,000, across from the Community Park and just up the road from the area shopping center. This medical center is a modern and well designed building that houses thriving medical, physical therapy, imaging and dental practices that care for the diverse and growing family and retirement populations. The Building is fully leased with solid and financially secure tenants. It is attractive, well maintained & well managed. The lease structures are very Landlord friendly , with much of the expenses being passed through to the Tenants. This shields the ownership from spikes in the operating expenses. The building is low maintenance with brick facade & metal clad window and door frames. There are 78 parking spaces on site with a desirable ratio of 4:1000 per rentable square feet. The location is Central to Philadelphia, PA, Baltimore, MD , Lancaster, PA and Wilmington, DE. It is only minutes from the county seat in West Chester, PA. The availability of historically low interest rates for quality assets allow for a nice capitalization rate and a good yield of cash on cash.
Location
State PA
County Chester
Area Penn Twp (10358)
Zoning R2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 78.0
Utilities Available Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available
Waterfront N
Water Access N
Accessibility Elevator, Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 78
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Avon Grove
Others
Tax ID 58-03 -0006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Patrick Curran • BHHS Fox & Roach-Jennersville