For Sale: Rare Deleware County Retail/Medical/Office Investment Opportunity

CBRE_SpringfieldPlazaSpringfield Plaza – 905 W Sproul Road/130 S State Road, Springfield, PA 19064

The Offering

CBRE, Inc. has been retained by Ownership as the exclusive marketing advisor for the disposition of Springfield Plaza, a 33,383 SF mixed-use Retail/Medical/Office building located at 905 W Sproul Road/130 S State Road in Springfield, Delaware County, PA (“the Property”). Anchored by long-standing tenants Santander Bank (1973), Verizon Wireless (1995), Dr. Joseph Havrilla (1997), Edward Jones (2010), Paul D’Emilio, Esq. (2004) and The Center for Sports Medicine/Dr. Brian J. Shiple, DO (2009), Springfield Plaza boasts a strong cash flow supported by a diversified mix of national retailers and medical/professional office tenants. With current occupancy at 79%, the Property presents a unique value-add opportunity through lease up of the remaining vacant space.

The Property is strategically located at one of Delaware County’s most traveled intersections of S State Road (Route 1) and W Sproul Road (Route 320), just over a half mile from the I-476 (Blue Route) on/off ramp. Featuring two brand new pylon signs and notable building signage on both sides of the Property, Springfield Plaza provides unmatched exposure for its tenants to the 75,000 cars driving by daily. Full points of ingress/egress from both W Sproul and S State Roads located at the signalized intersection, along with ample parking surrounding the property, allow for convenient access for both tenants and customers. This significant exposure and superior access have contributed to a long history of strong tenant performance and retention at the Property.

Springfield Plaza offers investors a once in a lifetime opportunity to acquire a strong performing Retail/Medical/Office asset situated in an in-fill location with unmatched access and visibility and the ability to add value through attracting retail and medical users to the vacant space.

Investment Summary

  • Property Type: Retail/Medical/Office
  • Bldg Size: 33,383 SF
  • Year Built: 1973;
  • Renovated 1996
  • Site Size: 1.79
  • Acres Occupancy: 79%
  • In-Place NOI: $556,578
  • Offering Price: $7,500,000
  • Cap Rate (In-Place):  7.4% Stabilized
  • Cap Rate Y3:  9.2%
  • Leveraged ROE Y1-Y3:  9.2%
  • Anchor Tenants: Verizon Wireless, Santander Bank, Dr. Joseph Havrilla, Edward Jones, Paul D’Emilio, Esq., Center for Sports Medicine

Investment Highlights

  • Irreplaceable Location
  • Superior Access and Visibility
  • Long-Standing
  • Anchor Tenants
  • Excellent Demographics
  • Strong History of Performance
  • Value-Add Opportunity

Contact Information

  • Stephen Marzullo

Senior Vice President


T: 1-610-251-5161

Licensed: PA, DE

Licensed Salesperson: NJ


  • Justin Marlowe

Senior Associate


T: 1-610-251-5158

Licensed: PA Licensed Salesperson: NJ


  • CBRE, Inc.

A: 1200 Liberty Ridge Drive Suite 320 Wayne, PA 19087

T: 1-610-251-0820

F: 1-610-251-5105

Licensed Real Estate Broker

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