629 Pike Springs Rd - Freestanding FOR SALE
Phoenixville, PA 19460 |
$1,841,000 USD
310-844-9368
629 Pike Springs Rd
Phoenixville, PA 19460
HIGHLIGHTS
- Rare Low-Coverage Industrial Asset with Substantial Outdoor Storage: ±12,000 SF industrial facility situated on ±4.0 acres.
- The expansive yard area supports a range of outdoor-intensive operations such as building materials distribution.
- Compelling Rental Upside with Long-Term Hold Appeal: In-place rent is currently more than 70% below prevailing market rates.
- Located in a supply-constrained submarket with high barriers to new development.
- Strong Corporate Guarantee with Institutional Sponsorship: Fully leased to US LBM, a national building materials distributor.
- The tenant is backed by Bain Capital and Platinum Equity and reported approximately $8.2 billion in revenue in 2024.
FOR SALE DETAILS
PRICE
$1,841,000 USD
PRICE/SF
$153 USD /SF
CAP RATE
5.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
US LBM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4 AC
LAND SF
174,240 SF
ZONING
R-2
APN/PARCEL ID
26-02R-0025.0100
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310-844-9368
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310-844-9368
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