» At the close of escrow – Ultimate Image & Burnridge Cleaners plan on vacating the center which will take the occupancy to 40.83%

» At the close of escrow – There will be a total of 4 vacant units totaling 10,000 SF

» At the close of escrow – the NOI will be $31,130, this deal is priced at $83.50 PSF which is well below replacement cost

» Burnridge Center is 16,900 SF and you also have the ability to acquire Main Ridge Center which is 18,906 SF located less than a mile away (Same Seller)

» This asset is located on a 1.5 acre corner parcel with a combined traffic count of 18K VPD between W. Main Street and Burnside Avenue

» Norristown, PA is located in a very mature section of Montgomery County that has seen continued population growth year over year

» The current tenants are operating on short term leases which presents flexibility for future ownership

» With some capital infusion, future ownership has the ability to add an additional $165K to the NOI with stabilizing this asset