IBS OFFICE PORTFOLIO - LoopNet · 2019. 3. 14. · IBS Office Portfolio consisting of four office...

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  • Colliers InternationalTen Penn Center1801 Market Street, Suite 500Philadelphia, PA 19103www.colliers.com

    Eastern Alliance Insurance Company

    The Nielsen Corporation Community Action PartnershipCommonwealth of PA

    Crayola

    Jeff Algatt Senior Vice President - Investment Services+1 267 252 0191 jeff.algatt@colliers.com

    Fred Null Vice President - Special Projects+1 610 613 1843 frederick.null@colliers.com

    INVESTMENT SALE OPPORTUNITY

    IBS OFFICE PORTFOLIOOffering Summary

    D Credit Tenants

    D Portfolio 98% Occupancy

    D Four Properties in Lancaster & Northampton Counties, PA

    D 195,000 Square Feet

    D $2,000,000 NOI

  • Colliers InternationalTen Penn Center1801 Market Street, Suite 500Philadelphia, PA 19103www.colliers.com

    For more information, please contact the Listing Agents below:Jeff Algatt Senior Vice President - Investment Services+1 267 252 0191 jeff.algatt@colliers.com

    Fred Null Vice President - Special Projects+1 610 613 1843 frederick.null@colliers.com

    Offering SummaryColliers International, as exclusive agent of the Seller, is pleased to offer for sale to qualified investors the IBS Office Portfolio consisting of four office buildings aggregating 195,099 rentable square feet in central and eastern Pennsylvania.

    #PROPERTY NAMEADDRESS RSF OCCUPANCY TENANCY EXPIRATION NOI

    OFFERED PRICE

    CAP RATE

    PRICE/RSF

    1Eastern Alliance25 Race Avenue,Lancaster

    68,489 100% ST Long Term $897,688 $14,720,000 6.1% $215

    2The Bare Building39 E. Chestnut Street, Lancaster

    29,426 84% MT Various $475,748 $6,814,000 7.0% $232

    3Columbia CAP Day Care815 Wright Street,Columbia

    12,080 100% ST Medium Term $164,340 $1,806,000 9.1% $150

    4Crayola2025 Edgewood Avenue, Easton

    85,104 100% ST Long Term $495,416 $5,500,000 9.0% $65

    195,099 98% $2,033,192 28,840,000 7.0% $148

    The Owner prefers to sell the properties all together, but will consider offers on individual assets. None of the assets are encumbered with a mortgage and at Closing each will be delivered free and clear of debt.

    Why buy? First, these properties offer immediate, attractive operating and after tax returns from long tenured tenants, including fully reimbursed management fees. Second, there is potential upside through future expansion and alternative use of the buildings where applicable. Finally, the variety of tenants, lease expirations, structures and locations provides capital protection through diversification.

    © 2012-2017 Digital Map Products. All rights reserved. 1

    16948 feet

    Stable Cash Flow

    Significant Value Add Opportunities

    Well-Maintained

    Long Term Tenants with Quality TI

    Diverse Users - Retail/Office/Special

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    Investment Highlights

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