West Grove, PA 19390,900 W BALTIMORE PIKE
West Grove, PA 19390,900 W BALTIMORE PIKE
West Grove, PA 19390,900 W BALTIMORE PIKE
West Grove, PA 19390,900 W BALTIMORE PIKE
West Grove, PA 19390,900 W BALTIMORE PIKE
West Grove, PA 19390,900 W BALTIMORE PIKE
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$4,737,500

$4,890,000

3.1%
Est.Price: ?

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Est. payment /mo

24,700 SqFt


SOLD DATE : 09/16/2020

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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Bright MLS (BMLS)
Listed by Patrick Curran • BHHS Fox & Roach-Jennersville
Bought with Patrick Curran • BHHS Fox & Roach-Jennersville
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