The Offering
CBRE Inc. has been retained by ownership as the exclusive marketing advisor for the sale of Two Village Road, a 15,197 square foot medical/professional office building located in Horsham Township, Montgomery County, PA (“the Property”), with a current occupancy of 90%. Built in 1980 as an unique office expansion to an existing historical barn, this three-story building offers a rare investment opportunity in the Horsham office market, with the ability to increase current rents to market and to acquire the property well below replacement cost.
Two Village Road benefits from being positioned next to the Pennsylvania Business Campus providing a professional environment for prospective tenants looking for smaller space with all the benefits of a major office environment. The Property provides convenient access for commuting employees via the Willow Grove interchange of the PA Turnpike (I-276), as well as Routes 611 & Route 309, in addition to the local Septa bus line. The area surrounding the Property features significant amenities along Welsh and Dresher Roads including restaurants, retail and banking destinations.
Two Village Road offers a diversified tenant mix of medical and professional tenants with longstanding tenancy. The Property provides the rare opportunity to acquire a value-add office building positioned to capitalize on improving market fundamentals and being offered at a very attractive basis.
Investment Highlights
- Easily Accessible Location – The Property is conveniently located next to the Pennsylvania Business Campus with easy access to the Willow Grove interchange of the PA Turnpike (I-276), as well as Routes 611 & Route 309.
- Surrounding Amenities – The Property features a professional office setting in close proximity to ample retail (Sam’s Club, Lowe’s Home Improvement, Staples) and dining amenities (Corner Bakery Café, Anthony’s Coal Fired Pizza, MOD Pizza, Elevation Burger), as well as a variety of local parks and walking trails.
- Excellent Area Demographics – The Property benefits from strong demographics including a population of 75,949 and a median household income of $79,074 within a 3-mile radius and a population of 194,596 and a median household income of $78,259 within a 5-mile radius.
- Diversified Tenant Mix – The Property features a variety of medical and professional tenants ranging from dentists and pediatricians to insurance providers and appraisers.
- Value-Add Opportunity – A new owner has the ability to increase returns through leasing the vacant space and increasing current rents that are below market, as well as key capital improvements.
- Discount to Replacement Cost – With elevated land and construction costs, the Property can be purchased below replacement cost.
| Property Type | Medical/Professional Office |
| Location | Horsham, PA |
| Rentable SF | 15,197 SF |
| Available SF | 1,570 SF |
| Site Size | 1.24 Acres |
| Floors | Three |
| Year Built | 1980; Expansion 1997 |
| Parking Ratio | 4.0/1,000 |
| Zoning | Business Community |
| Offering Price | $1,100,000 ($72/SF) |
Contact Information
Stephen Marzullo
Senior Vice President
+1 610 251 5161
stephen.marzullo@cbre.com
Adam Silverman
Vice President
+1 610 251 5141
adam.silverman@cbre.com
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