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OFFERING SUMMARY
James Webb [email protected] | 813-448-7489Edward Lee
882 Louis Dr, Warminster, PA (HQ / Production Facility)
Named “The Best in Print & Graphic Services”
for Bucks and Montgomery County for the
past 5 years, Vizi specializes in digital and
offset printing, large format printing, direct
mail services, online print management,
advertising specialties and apparel, graphic
design, augmented reality and complete
advertising services.
Asking Price: $3,650,000
NOI: $283,500
Cap Rate: 7.76%
Lease Term: 12 Years
Lease Type: Absolute NNN
Total SF: 54,000
Lease Rate: $5.25 / SF
Sale PSF: $67.59
Lease Escalator: 2%
Lease Commences: At Close
INDUSTRIAL SALE LEASEBACK
VIZI (54,000 SF)
IKON Investments is representing Vizi on the sale leaseback of their headquarters facility in Warminster, PA totaling 54,000 SF on approximately 5.8 acres. With the most advanced technologies available under one roof, Vizi is the result of a recent merger between two well established printing companies, Astro-Dynamic and Power One. Together they have formed a powerhouse of resources equipped to work with clients of all sizes and varying marketing needs. Vizi is a full-service facility featuring digital and offset printing, large format printing, direct mail services, online print management, advertising specialties and apparel, graphic design, augmented reality and complete advertising services. Named “The Best in Print & Graphic Services” for Bucks and Montgomery County for the past 5 years, Vizi continually leads the way in both service and capabilities. Located in Bucks County (4th most populous county in PA), Warminster is well positioned just 15 miles north of Philadelphia (8th largest MSA in the US) and provides quick access to other major markets such as Trenton, Allentown, and Reading. Vizi will execute a new 10-year Absolute NNN Lease at closing.
ABOUT VIZI
FAMILY-OWNED BUSINESS WITH 50+ YEARS EXPERIENCE
STRONG COMPANY GROWTH HISTORY
PRIME INDUSTRIAL MARKET
BELOW MARKET RENTAL RATE
BELOW MARKET PRICE PER FOOT
PROPERTY OVERVIEW882 Louis Dr, Warminster, PA (54,000 SF)
Dock Doors: 2
Overhead Doors: 1
HVAC: Roof Mounted Gas Fire Forced Air / AC Throughout Facility
Roof: .060 EPDM Single Membrane Roof Installed in 2005 with
15-year Manufacturer Warranty
Exterior Walls: 4” Brick Over 8” Concrete Block
Foundation: Reinforced Concrete
Lighting: Fluorescent
Fire Protection: 100% Wet Sprinklered
Total SF: 54,000
Office Area SF: 15,000
Warehouse / Production SF: 39,000
Total Acreage: 5.8
Parking: Paved - 153 Spaces
Clear Height: 13’ 6”
Age: 1974 / 2017 (last rennovation)
Zoning: Industrial
BUILDING OVERVIEW
AREA MAP 882 Louis Dr, Warminster, PA
Warminster
Philadelphia
Allentown
Trenton, NJ
INTERIOR PHOTOS
INTERIOR PHOTOS
SALE COMPS
1
Date Sold - 7/8/2020Sale Price - $3,500,000RBA - 53,882 SF
Price/SF - $64.96Building Type - Class C (Industrial/Warehouse)Year Built/Age - 1935/85
3621-3631 B StPhiladelphia, PA
3
99 Buck Rd
Southampton, PA
Date Sold - 10/21/2019Sale Price - $2,600,000RBA - 36,421 SF
Price/SF - $71.39Building Type - Class B (Industrial/Warehouse)Year Built/Age - 2009/11
Date Sold - 4/17/2020Sale Price - $2,300,000RBA - 31,042 SF
774 American Dr
Bensalem, PA
2
Price/SF - $74.09 Building Type - Class C (Industrial/Manufacturing)Year Built/Age - 1973/47
4
1 Cabot Blvd E
Langhorne, PA
Date Sold - 3/6/2020Sale Price - $6,400,000RBA - 78,000 SF
Price/SF - $82.05Building Type - Class B (Industrial/Warehouse)Year Built/Age - 1980/40
Price/SF - $112.50Building Type - Class C (Industrial/Manufacturing)Year Built/Age - 1970/50
5
140 Commerce Dr
Montgomeryville, PA
Date Sold - 4/3/2020Sale Price - $2,250,000RBA - 20,000 SF
6
600 Delran Pky
Delran, NJ
Date Sold - 4/10/2020Sale Price - $7,212,909RBA - 90,789 SF
Price/SF - $79.45Building Type - Class B (Industrial/Manufacturing)Year Built/Age - 1990/30
7
4 Ivybrook Blvd
Ivyland, PA
Date Sold - 6/3/2020Sale Price - $2,275,000RBA - 20,700 SF
Price/SF - $109.90Building Type - Class B (Industrial/Manufacturing)Year Built/Age - 1996/24
LEASE COMPS
1
Start Date - 8/2021Asking Rent - $5.85/SF (NNN)SF Leased - 35,000
Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1988/32
103 Park DrMontgomeryville, PA
3
Start Date - 8/2020Asking Rent - $5.75/SF (NNN)SF Leased - 91,777
Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1974/46
431 Deep Run RdPerkasie, PA
Date Leased - 7/2020Asking Rent - $6.95/SF (NNN)SF Leased - 45,660
Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1996/24
151 Domorah Dr Montgomeryville, PA
2
4
Start Date - 8/2019Asking Rent - $5.50/SF (NNN)SF Leased - 35,000
Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1975/45
206 Progress DrMontgomeryville, PA
5
Start Date - 7/2019Starting Rent - $6.75/SF (NNN)SF Leased - 40,000
Lease Term - N/ABuilding Type - Class C (Industrial)Year Built/Age - 1988/32
354-368 Dunks Ferry Rd
Bensalem, PA
6
Start Date - 3/2019Asking Rent - $6.75/SF (NNN)SF Leased - 96,480
Lease Term - N/ABuilding Type - Class A (Industrial)Year Built/Age - 1989/31
2001 Gehman RdHarleysville, PA
7
Start Date - 5/2019Asking Rent - $7.25/SF (NNN)SF Leased - 37,125
Lease Term - N/ABuilding Type - Class B (Industrial)Year Built/Age - 1998/22
2900 Potshop LnEast Norriton, PA
PHILADELPHIA MARKET OVERVIEW
PHILADELPHIA MARKET OVERVIEW
PHILADELPHIA MARKET OVERVIEW
PHILADELPHIA MARKET OVERVIEW