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400 Lapp Rd 28,592 SF Office Building Malvern, PA 19355 $7,500,000 ($262.31/SF) 8.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Property has a modern floor plan for all tenants, including amenities.
EXECUTIVE SUMMARY
A very flexible opportunity for immediate occupancy, investment potential or sub-dividable lease buyout. This 28,000 +/- SF Class A Office Building is currently fully leased until April 2027 with an NOI of $603,186 (NNN Lease). Potential lease buyout for user buyer occupant along with sub-dividable potential with lease buyout option. Great location, approximately 1 Mile from PA 76 Turnpike. Easily accessible to Route 29, Route 202 & Route 30 . Within close proximity to major residential development.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
28,592 SF
Building Class
B
Year Built
1999
Price
$7,500,000
Price Per SF
$262.31
Cap Rate
8.04%
NOI
$603,186
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
14,296 SF
Building FAR
0.18
Lot Size
3.60 AC
Zoning
O/BP
Parking
115 Spaces (4.02 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 42-004-0024.0000 | Improvements Assessment | $3,059,000 |
| Land Assessment | $231,000 | Total Assessment | $3,290,000 |
PROPERTY TAXES
Parcel Number
42-004-0024.0000
Land Assessment
$231,000
Improvements Assessment
$3,059,000
Total Assessment
$3,290,000
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400 Lapp Rd
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