1105 Berkshire Blvd
Wyomissing, PA 19610
1105 Berkshire Blvd. · Office Property For Sale

Property tours are available on the following dates by appointment ONLY, please contact Bryan Cole (610-370-8502 or bcole@naikeystone.com) or John Buccinno (610-370-8508 or jbuccinno@naikeystone.com) to schedule: Investment Highlights ñ69,485 SF 3-story office building in Wyomissing, PA ñ96.29% occupied by five tenants with average rents of approximately $19.43 PSF ñ73% occupied by long-time tenant, and #99 on the 2017 Fortune 500 list, Travelers Conveniently located near major roadways, RTEs 222 & 422, and Reading Regional Airport Situated in the center of the largest commercial concentration of office & retail properties in County Investment Overview: 1105 Berkshire Boulevard (the "Property") is a ñ69,485 SF 3-story office building located in Wyomissing, PA. The Property is currently ñ96.29% occupied with Travelers, the main tenant of the building and number 99 on the 2017 Fortune 500 list, occupying approximately 73% of the space. 1105 Berkshire Boulevard was originally a build-to-suit for Travelers in 1986, and they have remained a tenant ever since, along with recently completing an 1105 Berkshire Boulevard was originally a build-to-suit for Travelers in 1986, and they have remained a tenant ever since. Their space is a claims office for the area, and they have a significant investment in the building. Expectations are that they will continue to be a tenant long into the future. Travelers has an estimated $33 billion market cap and a Moody's insurance financial strength rating of Aa2. In 2015, a new roof was installed with a warranty until 2035, and in 2016, over ñ$280,000 was spent on the replacement and upgrades to the HVAC systems. For the renewal of Travelers in 2016, the exterior of the building was patched, repaired, and painted, and the interior received extensive carpet, ceiling, and lighting replacements and upgrades. Wyomissing is the adjacent suburb to the City of Reading, and over the last 20 years has supplanted Reading as the premier office location in the area. The Property is in the center of the largest commercial concentration of office and retail properties in Berks County, PA. Many corporations and professional firms have moved from Reading to Wyomissing's newer properties that are c