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Investment Highlights
- Flex/office property located in the established West Chester submarket with convenient access to Route 202.
- Two of four HVAC systems recently replaced, ensuring operational efficiency.
- In-place income stream with an approximate 8% cap rate, offering investment security.
- Zoned I-2-R, accommodating a wide range of commercial and professional uses.
- Prominent signage opportunities and a large parking lot for on-site convenience.
- Ceiling heights of 18 feet enabling flexible interior configurations.
Executive Summary
This flex/office property, located at 1065 Andrew Drive in the thriving West Chester area, offers a unique opportunity for both investors and owner-users. Positioned within the I-2-R zoning district, the asset allows a wide range of uses, including medical, professional, or light industrial functions. The property encompasses two adjoining units totaling 10,000 SF, with 18-foot ceilings and a highly adaptable layout that can be easily demised for multiple occupancy solutions. Designed to accommodate diverse business needs, the property currently supports medical and professional operations, delivering stable in-place income with an approximate 8% cap rate. Accessibility is a core advantage, with immediate proximity to Route 202 ensuring direct connectivity to key regional markets and amenities. The property’s generous parking lot enhances convenience for staff and visitors alike, while prominent building signage offers substantial exposure within this active commercial corridor. Comprising recently upgraded systems, including two new HVAC units, this property is modernized for efficient operations. The stability of existing tenants combined with long-term growth potential in Chester County positions this asset as a compelling acquisition for investors or end-users seeking a functional and versatile site with income-generating continuity.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 8.00% |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
7,500 SF lease through 10-31-26
2,500 SF lease through 12-1-27
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 & 4 | 10,000 SF | Flex | $1,950,000 ($195.00/SF) | $156,000 |
Unit 2 & 4
| Unit Size |
| 10,000 SF |
| Condo Use |
| Flex |
| Price |
| $1,950,000 ($195.00/SF) |
| NOI |
| $156,000 |
Unit 2 & 4
| Unit Size | 10,000 SF |
| Condo Use | Flex |
| Price | $1,950,000 ($195.00/SF) |
| NOI | $156,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.00% |
| Sale Notes | |
| 10,000 SF easily demised. <br> 7,500 SF lease through 10-31-26<br> 2,500 SF lease through 12-1-27</li></ul> |
Property Facts
| Total Building Size | 20,550 SF | Typical Floor Size | 10,000 SF |
| Property Type | Flex (Condo) | Year Built | 2005 |
| Building Class | B | Lot Size | 0.23 AC |
| Floors | 1 | Parking Ratio | 8/1,000 SF |
| Zoning | I-2-R - LIGHT INDUSTRIAL ZONING | ||
| Total Building Size | 20,550 SF |
| Property Type | Flex (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,000 SF |
| Year Built | 2005 |
| Lot Size | 0.23 AC |
| Parking Ratio | 8/1,000 SF |
| Zoning | I-2-R - LIGHT INDUSTRIAL ZONING |
Presented by
1065 Andrew Dr
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