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Three Friends Lane 3 Friends Ln 19,464 SF 100% Leased Office Building Newtown, PA 18940 $6,500,000 ($333.95/SF) 7.04% Cap Rate
EXECUTIVE SUMMARY
SVN® is pleased to present a rare opportunity to acquire a high-quality, single-tenant absolute net-leased office investment in the heart of Newtown Township, one of the region’s most desirable submarkets. This ±20,000 square foot, three-story office building is fully leased to a well established financial institution with a history of strong growth and positive financial metrics, occupying the property since 2017. This offering presents an ideal opportunity for investors seeking stable returns, and a passive ownership structure with minimal landlord responsibilities. The property features exceptional curb appeal, blending stately design with modern functionality. Strategically positioned in a highly visible and easily accessible location, it offers direct connectivity to major regional thoroughfares.
Located at the signalized intersection of Friends Lane and Newtown Yardley Road, at the gateway of Newtown Industrial Commons. Close proximity to numerous prominent restaurants, retailers, hotels, and eclectic shopping. Excellent regional accessibility—just 0.6 miles from PA-332, 1.8 miles from I-295/I-95, and 4.2 miles from the Scudder Falls Bridge—providing direct access to Philadelphia, Central and Southern New Jersey, and New York.
Located at the signalized intersection of Friends Lane and Newtown Yardley Road, at the gateway of Newtown Industrial Commons. Close proximity to numerous prominent restaurants, retailers, hotels, and eclectic shopping. Excellent regional accessibility—just 0.6 miles from PA-332, 1.8 miles from I-295/I-95, and 4.2 miles from the Scudder Falls Bridge—providing direct access to Philadelphia, Central and Southern New Jersey, and New York.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,464 SF
Building Class
C
Year Built/Renovated
1988/2000
Price
$6,500,000
Price Per SF
$333.95
Cap Rate
7.04%
NOI
$457,776
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,488 SF
Building FAR
0.15
Lot Size
3.01 AC
Zoning
OL-1
Parking
100 Spaces (5.14 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Kitchen
- High Ceilings
- Natural Light
PROPERTY TAXES
| Parcel Number | 29-010-107 | Improvements Assessment | $162,230 |
| Land Assessment | $69,880 | Total Assessment | $232,110 |
PROPERTY TAXES
Parcel Number
29-010-107
Land Assessment
$69,880
Improvements Assessment
$162,230
Total Assessment
$232,110
(215) 757-2500
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CONTACTS
-
Chichi E. Ahia, SIOR -
Monika Polakevic, CCIM -
SVN Ahia Commercial Real Estate
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Three Friends Lane | 3 Friends Ln
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