60 portland road - loopnet...60 portland road west conshohocken, pa 19428 neil shupak senior...
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60 Portland Road West Conshohocken, PA 19428
For Sale: 52,000 ± SF Industrial Building on 3 ± Acres As exclusive agents, we are pleased to offer the following property for sale:
♦ 52,000 ± SF total; 36,400 SF 1st floor warehouse space 15,600 SF 2nd floor office space
♦ 120 parking spaces; 64 ± lined parking spaces on site plus 55 additional public parking directly in front of the building
♦ 28'6" sloping to 23' clear height♦ Four tailgate loading docks & one 12' x 14' drive in door♦ 43' x 21.5' column spacing♦ Fully sprinkled♦ Natural gas heat♦ Billboard opportunity facing I476 (Blue Route)♦ Traffic count: 114,400 vehicles per day♦ "HI" Heavy Industrial Zoning in West Conshohocken Borough; permits a wide variety of manufacturing and warehouse uses. Up to 10% of the space can be used for retail.
Neil Shupak Senior Managing Director 610.755.6977 [email protected] Justin Bell Managing Director 610.755.6979 [email protected]
Procuring broker shall only be entitled to a commission calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.
880 E. Swedesford Rd, Suite 100, Wayne, PA 19087 Office: 610.265.0600
Up to 90% Financing Available through the SBA!
60 Portland Road West Conshohocken, PA 19428
Neil Shupak Senior Managing Director 610.755.6977 [email protected]
Justin Bell Managing Director 610.755.6979 [email protected] 880 E. Swedesford Road, Suite 100, Wayne, PA 19087 Office: 610.265.0600
Prominent Billboard Opportunity on the Blue Route, I476. 114,400 Vehicles Per Day, 41,750,000 Per Year Travel Past The Property!
Prominent Billboard Opportunity on the Blue Route, I476. 114,400 Vehicles Per Day, 41,750,000 Per Year Travel Past The Property!
Prominent Billboard Opportunity on the Blue Route, I476. 114,400 Vehicles Per Day, 41,750,000 Per Year Travel Past The Property!
60 Portland Road
Table of Contents
1. Property Overview
2. Plans
3. Maps & Photographs
4. H-I Zoning Information
5. Historical Operating Expenses
6. SBA Financing
60 Portland Road
Property Overview
Property Address: 60 Portland Road, West Conshohocken, PA 19428
Property Type: Industrial warehouse
Building: 52,000 ± SF
Lot Size: 3 ± acres
Parking: 64 ± lined parking spaces on-site plus additional 55 public parking directly in front of the building
Assessor’s Parcel Number (APN): 24-00-00098-004
First Floor:
36,400 ± SF (130’ x 280’) 15,600 ± SF (130’ x 120’); heated and air-conditioned office and warehouse space with 10’ clear height 20,800 ± SF (130’ x 160’); heated warehouse space with 23’ – 28’6” clear height. 4,000 ± SF of the warehouse is also conditioned.
Second Floor: 15,600 ± SF (130’ x 120’) of office space with 9’ ceiling height. 1,400 ± SF is storage space with a 15’ clear height and a roll up door that opens to the warehouse
Power: 1,200 amps, 480 volt, 3-phase
Loading: Four tailgate loading docks and one 12’ x 14’ drive in door
Sprinklers: Wet sprinkler system throughout
Column Spacing: 43’ x 21.5’
Floor: Reinforced concrete
Walls: Block and metal insulated panel construction
Lighting: Combination; metal halide lighting in warehouse; fluorescent in the office
HVAC: Office: 8 heating/air-conditioning units; 4 heat pumps & 4 gas package units 38 tons of air-conditioning; 12 tons on the 1st floor & 26 tons on the 2nd floor Warehouse: Six, 150,000 BTU gas fired ceiling hung unit heaters
Water: Sewer:
1” domestic water line & 8” fire service line for sprinkler; supplied by Aqua America 8” sewer line supplied by The Borough of Conshohocken Authority
Zoning: “HI” Heavy Industrial, West Conshohocken Borough; warehouse/manufacturing multi-story use
Miscellaneous: There is a compressor in the warehouse
Traffic Count: Approximately 114,000 vehicles per day travel on I-476 past the property / 41,600,000 per year
Business Taxes: * No Business Privilege or Occupational Privilege Tax * 1% Earned Income Tax * $52 Annual Local Service Tax
Real Estate Taxes: $46,419.72 (2015)
Possession: At Settlement
60 Portland Road
Site Plan
60 Portland Road
First Floor Plan
60 Portland Road
Second Floor Plan
120’
60 Portland Road
Parking Plan
4 Tailgate Loading Docks
Drive-In Door
60 Portland Road
Photographs
View from front
View looking south from I-476 Southbound
Loading Docks
View looking west from I-476 Southbound
60 Portland Road
Aerial Photographs
60 Portland Road
Aerial Photographs
60 Portland Road
Map
60 Portland Road
60 Portland Road
Tax Map
60 Portland Road
Borough of West Conshohocken Zoning Map
60 Portland Road
H-I Zoning Information
60 Portland Road
H-I Zoning Information
60 Portland Road
H-I Zoning Information
60 Portland Road
Historical Operating Expenses
52,000 ± SF
Expenses: YTD 2015 YTD 2014 YTD 2013
Real Estate Taxes $46,419.72 $45,792.10 $44,335.68
Insurance $20,900.00 $19,600.00 $19,000.00
Sewer * $3,950.09 $9,312.55 $8,203.73
Sprinkler ($335.00 per month) $3,366.76 $4,029.19 $4,034.50
Domestic Water $3,155.63 $10,196.69 $7,771.20
Hydrant ($56.00 per month) $547.96 $663.35 $660.84
Security – Fire Monitor $300.00 $300.00 $300.00
Maintenance & Repairs (roof, HVAC, etc.) $7,851.93 $7,332.32 $16,266.50
Landscaping $1,405.56 $1,605.90 $1,763.84
Snow Removal $3,327.00 $2,511.94 $265.00
Total Expenses $91,224.65 $101,344.04 $102,601.29
Square Feet 52,000 52,000 52,000
Expense PSF $1.75 $1.94 $1.97
* 1st & 2nd Quarters
60 Portland Road West Conshohocken, PA
52,000 +/- SF INDUSTRIAL BUILDING
ASKING PRICE: $7,000,000
90% LOAN STRUCTURE Land & Building $7,000,000
Closing Costs (estimate) $200,000
Total Project Costs $7,200,000 Borrower 10% Down Payment $720,000
Seller Contribution $0
4444 LLOOAANN AAMMOOUUNNTT $$66,,448800,,000000 LOAN TERMS & CONDITIONS
SBA 504 Loan Term 25/20 years Interest Rate (Prime + Spread) 5.25 % Monthly Loan Payment $40,950 Prequalification 48 hours
For More Information Please Contact:
MARKETING/SALES Newmark Grubb Knight Frank
Exclusive Agents Neil Shupak – 610.755.6977
Justin Bell – 610.755.6979 [email protected]
FINANCING 44 Business Capital, LLC
Michael Hahn Senior Vice President T: 215-985-4400 x234
C: 302-437-5320 [email protected]
*This nonbinding Purchase Scenario does not constitute a loan commitment nor does it contain all terms of a loan. A
commitment to lend will be evidenced by a formal commitment letter signed by an officer of 44 Business Capital LLC.
www.ngkf.com
Neil Shupak Senior Managing Director 610.755.6977 [email protected] Justin Bell Managing Director 610.755.6979 [email protected]
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Suburban Philadelphia 800 E. Swedesford Road Suite 100 Wayne, PA 19087 610.265.0600