1815 Gallagher Rd - Warehouse FOR SALE


Plymouth Meeting, PA 19462- Conshohocken/Plymouth Meeting
$6,000,000 USD
610-291-1053
1815 Gallagher Rd, Plymouth Meeting, PA for Sale
$6,000,000 USD
Warehouse - FOR SALE
1/4
null | 7% Cap Rate

1815 Gallagher Rd
Plymouth Meeting, PA 19462
Conshohocken/Plymouth Meeting


HIGHLIGHTS

  • ABSOLUTE NNN LEASE: JULY 1, 2026, TO JUNE, 30, 2033, 1ST YEAR RENT $404,298, INCREASING AT 2.5 % / LEASE YEAR OVER 7 YEAR LEASE TERM
  • NATIONALLY KNOWN TENANT IN RECESSION PROOF BUSINESS
  • STRATEGICALLY LOCATED SITE WITH IMMEDIATE ACCESS TO PA TURNPIKE AND I-476 NORTH AND SOUTH
  • PROPERTY IS COMPRISED OF 2.09 AC , .92 AC AT 1811-1815 GALLAGHER, AND 1.172 AC AT 1817 SUBLEASE FOR VEHICLE PARKING WITH NORFOLK SOUTHERN RAILWAY

OVERVIEW

Property is occupied and leased by Crompco, LLC, CROMPCO.COM, a wholly owned company of Owl Services, LLC, OWLSERVICES.COM as only Tenant. OWL is an integrated service company, purpose-built from seven of the nation’s leading petroleum service, electrical contracting, and EV -infrastructure businesses. They are leading the shift to electrification while ensuring America’s fueling operations remain safe, compliant, and reliable. OWL serves full-service convenience stores, fueling centers, electric vehicle charging hubs, and fleet operations centers with a comprehensive portfolio of services. ?At the forefront of clean energy solutions, including electric vehicle charging, and with more than 75 years' experience, OWL is also the most qualified company in the nation to serve the diverse needs of petroleum-based businesses. From underground to above ground to in-store, they deliver the services to keep America moving. Crompco has been a tenant in the property for over 25 years and is a nationally known multi-service company for the petroleum industry. The current lease has recently been extended until June 30, 2033. The subject lease is absolute net with tenant paying all expenses. Crompco is a full-service underground tank testing and service company and parks approximately 125 technical vehicles and trucks on site with corporate offices and warehouse in the building. The site leased is comprised of a combined lot of .92 acres at 1811,1815 Gallagher Road featuring office building with lower-Level warehouse, ancillary other small buildings and service shops for technical equipment. Additional parking for service vehicles is also on a 1.172 lot at 1817 Gallagher adjacent to and to the rear under a long-term sublease with Norfolk Southern Railway. Total site occupied 2.09 acres. Main Building is office at street level and warehouse on lower grade Level with Drive in loading. Lease documents and plans available on request.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CROMPCO 1811-1815, 1817 GALLAGHER ROAD

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Truck Terminal, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

15 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

125

LAND DETAILS

LAND ACRES

2.09

LAND SF

91,040

ZONING

LI

APN/PARCEL ID

49-00-03877-007

ASK ABOUT THIS PROPERTY

Frank TornettaTornetta Realty Corp.More Info
610-291-1053

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Frank TornettaTornetta Realty Corp.More Info
610-291-1053

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.