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Main Ridge Center

2450 W. Main St, Norristown, PA 19403

Multi Tenant Retail

Listing Price:

$1,788,927

» Currently this asset is 73.55% Occupied, there is a 5,000 SF vacant unit on the second floor of the Professional Building

» Future Ownership will have the ability to lease this space at $5 PSF (NNN) – this will add another $46,500 potentially to the NOI ($600K + in Value)

» (1.19) acres of raw land to develop behind the back retail building included in the sale

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

» Acquiring this asset at $94 PSF is well below what it would cost to build in today’s current environment

» The professional building has signed 5 new leases in the last 12 months

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

Investment Highlights:

 

Exclusivley Listed By:

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MANAGING PARTNER
DERRICK DOUGHERTY

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MANAGING PARTNER
DERRICK DOUGHERTY

The Dougherty Team White Logo
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2005 Market Street, Suite 1510

Philadelphia, PA 19130

(215) 531-7000

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