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|Last Updated Date||28 Jul 2020|
Jones Lang LaSalle (“JLL”), as exclusive representative, is pleased to present 4371 County Line Road, Chalfont, Pennsylvania (the “Property”) for sale. Totaling 348,300 square feet, the Property offers the opportunity to acquire a fully leased, high quality warehouse / distribution facility at an urban in-fill location off of Route 309 in Bucks County, Pennsylvania.
The Seller, Quad/Graphics, will enter into a leaseback agreement commencing at close and will agree to terms to maximize proceeds. Quad/Graphics provides marketing outreach and advertising services out of this location and has invested significant capital into the facility for their use with over $7.5 million invested in the property over the last 24 months. 4371 County Line Road is located in the Suburban Philadelphia industrial submarket which consists of four counties totaling over 93 million square feet and has a current vacancy rate of 3.5%. The submarket has seen consistent growth due to its availability of labor, close proximity to large population centers both locally and regionally and strategic location with access to impressive highway infrastructure.
The Property is being offered ‘Free and Clear’ of any existing debt obligation.
- Predictable In-Place Cash Flow with Credit Worthy Tenant
- Leaseback to Established Tenant with National Client Base
- Strong Market Fundamentals
- Urban In-Fill Location with Excellent Access and Regional Connectivity
- Potential for Future Redevelopment