300 Welsh Rd Portefeuille de bureau à vendre 2 biens 7 166 295 € Horsham, PA

Avison Young is pleased to offer 300 Welsh Road, Buildings 1 & 2 for sale to qualified investors. The Portfolio consists of two multi-tenant office buildings well located in the Horsham/Willow Grove submarket just 2.5 miles from the Virginia Drive exit of the Pennsylvania Turnpike, and 3.7 miles from the Ambler/Fort Washington Interchange of the Pennsylvania Turnpike. The Property benefits not only from strong visibility and signage, but also from its surrounding retail and food amenities which solidify 300 Welsh Road as an ideal landing spot for medical and office tenants.
300 Welsh Road, Buildings 1 & 2, are currently 100% occupied by six tenants, with a combined weighted average lease term of 6.86 years (not including Horsham Executive Suites), offering dependable cash flow to investors. Originally built in 1983, the Portfolio has experienced continued capital investment to maintain its best-in-class status. Within the past eight years, the seller has invested over $3.3 million in tenant fit out and over $1.23 million in base building improvements which equates to minimal capital needs going forward. Building 2 was completely renovated in 2023-2024. The Portfolio is the most visible and accessible site within the Horsham Business Center, with a combined car count of 28,000 vehicles between Welsh Road (Route 63), and Dresher Road.
300 Welsh Road, Buildings 1 & 2, are for sale for roughly 50% of replacement cost. With market rate debt placed on the property, investors will realize double digit cash returns over the first five years of their hold period, averaging over 11.4% COC return during this period.