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C O N F I D E N T I A L O F F E R I N G SU M M A RY
1950 Street Road , Bensa lem Township , Bucks County , PA
Constitution Buildingth
e
THE CONSTITUTION BUILDING | OFFERING SUMMARY
Materials contained in this Investment Offering are confidential, furnished solely for the purpose of considering the “AS IS” acquisition of 1950 Street Road, Bensalem Township, Bucks County, PA described herein as “the Property” and are not to be used for any other purpose or to be made available to any other person without the express written consent of Colliers International and Owner. No representations, expressed or implied are made as to the foregoing matters by Owner, Owner’s property management/ leasing agent, Colliers or any of their officers, employees, affiliates and/or agents.
Colliers International Group has been retained as exclusive agent to arrange the sale of the Constitution Building at 1950 Street Road, Bensalem Township, Bucks County, Pennsylvania. Bensalem Township is part of the Philadelphia-Camden-Wilmington MSA, the nation’s sixth largest with a population of over seven million.
The Property is a four story, multi-tenant office building containing 32,662 rentable square feet on a 1.33-acre site. Its frontage on busy Street Road (33,021 ADT) provides excellent visibility for tenants’ businesses, and immediate access to an
abundance of shopping, dining, hotel and service amenities.
Currently 90.5 percent occupied, the Constitution Building has a long history of high occupancy and renewals, consistently outpacing its competitive set in this submarket.
To receive the Confidential Offering Memorandum, prospective purchasers must complete and submit an acceptable Confidentiality & Buyer Registration Agreement which may be obtained by contacting the listing agents below.
Offering Summary• History of High Occupancy & Renewals• Well Maintained• Lower Bucks County Location• Excellent Visibility on Busy Street Road• Immediately Accessible by Local and Regional Road Network
• Well Served by Public Transportation• Abundant Amenities and Services Adjacent and Proximate• Densely Populated Trade Area• Improving Office Sector Performance• Aggressive Acquisition Debt Market
Please Contact:
Jeff Algatt Senior Vice President Investment Services DIRECT +1 610 557 0180 MOB +1 267 252 0191 [email protected]
John Susanin Senior Vice President DIRECT +1 610 684 1860 MOB +1 610 812 5354 [email protected]
COLLIERS INTERNATIONAL
Ten Penn Center 1801 Market Street Suite 550 Philadelphia, PA 19103 +1 215 925 4600
www.colliers.com
Copyright © 2012 Colliers International
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Bensalem
Philadelphia
611
38
263
332
132
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232
73
309
63
63
611
532
213
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73
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NORTH2 MILES
VITAL DATA
Price $3,875,000Price Per RSF $119Cap Rate 8.7%No. of Buildings OneNo. of Stories FourRentable Square Feet 32,662Occupancy 90.5%Parking 90 SpacesBuilt/Renovated 1969/2010Parcel Size 1.36 AcresZoning Township G-C, General CommercialTax Parcel 02-039-190
Type of Ownership Fee Simple
