404 N Sumneytown Pike Upper Gwynedd Township...Flooring: 80% high quality and traffic carpet. Other areas are ceramic tile in all lavatories and hardwood and porcelain tile in lobby

404 N Sumneytown Pike404 N Sumneytown Pike404 N Sumneytown Pike

Upper Gwynedd TownshipUpper Gwynedd TownshipUpper Gwynedd Township

North Wales, PANorth Wales, PANorth Wales, PA The information provided is deemed to be reliable but is subject to errors omissions and changes without prior notice.

“Prospect Commons Corporate Centre”“Prospect Commons Corporate Centre”“Prospect Commons Corporate Centre”

Executive Summary

___________________________

Property & Building Overview

___________________________

Building Square Footage &

Floor Plans

___________________________

Occupancy & Availability

___________________________

Site Plan

___________________________

Area Overview

___________________________

David J. Caracausa,

Realtor & Broker Associate

Certified Counselor of Real Estate

[email protected]

C: (215)699.2600

www.cbprem.com

Table of Contents

Executive Summary

Prospect Commons Corporate Centre Highlights

AAA TROPHY-CLASS FREE STANDING OFFICE BUILDING IDEAL FOR CORPORATE OFFICE HEADQUARTERS:

“Prospect Commons Corporate Centre” is situated on Sumneytown Pike in Upper Gwynedd Township. A high visibility prime location

combined with a timeless architectural appearance, this 3+ story free standing office building provides custom quality architecture

exterior and interior appointments and places this offering in the rating of “State of the Art Asset”.

OUTSTANDING and ACCESSIBLE LOCATION:

Centrally located to the suburban submarkets of Montgomery and Bucks Counties and close proximity to Lansdale, North Wales,

Springhouse, Fort Washington, and Blue Bell.

“Prospect Commons Corporate Centre” is 2 miles from Route 202 and 3 miles from the Lansdale exit of the PA Northeast Extension

and offers convenient access to all points on the compass.

Public transportation includes Septa bus stop within blocks and Septa R-5 train service to Doylestown, Lansdale, and Center City

Philadelphia which is a short walk to the North Wales train station.

Close by downtown districts of North Wales and Lansdale offer support services that include day care facilities, banking, restaurants,

office supply companies and shopping for any office user or employee.

Upper Gwynedd’s Township Parklands are adjacent to the property and offer green space, courts, recreation, pavilion, exercise

stations and walking trails.

Upper Gwynedd and surrounding Montgomery County has a diverse economy and industry that includes pharmaceuticals, finance and

banking, education, manufacturing, health care, insurance, retail, travel, retirement services and facilities and business services.

The information provided is deemed to be reliable but is subject to errors omissions and changes without prior notice.

Prospect Commons Corporate Centre Features

Exterior building appointments include a stone and masonry facade, dormers, peaked roof lines, and 3 covered entries

accented with standing seam metal roofing with elliptical topped and side lighted French doors. These 3 individual grand

office suite entries are for multiple or single users of the building’s office space.

Professional plantings, landscaping and grass areas further complement the unique building architecture all of which

combines to set this office building apart from a typical conventional office building environment.

Interior office space offers 9’-10’ clear finished ceiling heights throughout the lobby entries, common areas and the multiple

private offices of various sizes that surround the perimeter of the 1st and 2nd floors.

An executive 1st floor office includes a gas fireplace with walnut mantel surround, crown and dental moldings, raised panel

wains coating, and lavatory/powder room.

Conference rooms are found on both the 1st and 2nd floors which are enhanced with volume octagon tray ceilings, custom

trim moldings and raised panel wains coating which complements an environment of comfortable presentation, and positive

impression to its users and visitors.

Full service kitchenettes and multiple lavatories on the 1st and 2nd floors.

The building’s window configuration flushes interior office space with all natural

sunlight throughout and offers outside views and a pleasant quality of life office

environment for all of the occupants.

2nd floor is accessed by 2 internal staircases as is the lower level storage space. The

mezzanine level off of the 2nd floor is finished climate controlled file and data

storage and accessed by a central internal stair case.

Upgraded millwork, raised panel solid core, and French doors are found throughout

the entire interior office space.

95% interior office space walls are non- load bearing that allows for flexible

re-configuration of the interior office space on each floor.

Easy accessible lower level storage with 9’ ceiling height is a further asset and

convenience for office storage. This is a huge benefit rather than off site storage or

incorporating long term storage into useable office space.

From building architecture, appointments, interior office space finishes, location,

surrounding road networks, downtown support services, other corporate headquarters

and facilities, and public transportation at your door step makes this a “trophy state of

art quality” and rare one of a kind office building offering to the marketplace.


Property & Building Overview

404 N Sumneytown Pike Overview

LOCATION

404 N Sumneytown Pike

Upper Gwynedd Township

North Wales, PA

Montgomery County, PA

TOTAL BUILDING SQUARE FOOTAGE

13,510 square feet

NO. OF FLOORS

3 floors + a full lower level of storage

AGE

Built in 2002

LAND AREA

0.80 acres

PARKING

On lot macadam includes handicapped space and 45

additional off street parking spaces

LAYOUT and 3rd FLOOR and

LOWER LEVEL STORAGE

Fully finished and custom designed 2 levels of

professional office space containing multiple private

offices, open office space, conference rooms, lavatories,

kitchenettes and an abundance of easy access flex and

storage space

ZONING

BP-Business Professional



General Construction: Steel, masonry and wood frame

construction with stone and masonry exterior

Foundation: Reinforced concrete footers and 9’ high concrete

foundation walls

Exterior Framing: 2”x 6” exterior walls

Exterior Walls: Stone and masonry

Floor System: Engineered TGI floor joist with ¾” plywood

Roof System: Trusted and framed gable roof with dormers

and 30 year+ architecture style shingles

Windows: Anderson Quality 400 series vinyl clad, double

hung, insulated glass, integral window dividers and low e

glass. All of which provides for energy efficiency and ease of

use, comfort and maintenance.

Entries: 3 separate individual office covered entries with

peaked roofs covered in standing seam metal roofing, entry

doors are elliptical toped and side lighted French doors

Ceiling Heights: Lower Level flex and storage space- 9’, 1st

and 2nd levels of office space 9’-10’ with Volume Tray

Ceilings in Conference Rooms, 3rd level 8’+/-

Stair Wells: custom stair cases and railings fire rated and

protected

Life Safety Systems: Centrally monitored fire, smoke, and

sprinkler detection system. The entire interior space is

serviced with a zoned fire protection and central sprinkler

system. Battery back-up Emergency Lighting and exit system

throughout the interior space.

Plumbing: All lavatories are ADA compliant with pull bars.

1st and 2nd floors have Janitor closets with sinks and basin tubs.

2-separate water services 1- building service and

1- sprinkler system

Interior Office Space Detail: Custom Lobby/Reception areas

include counter tops and desks and crown and dental moldings

detail. All doors, windows, and archways are Atlantic cased

trim and painted. Raised panel solid core interior doors are on

all private offices and conference rooms are accented by

volume tray ceilings, crown and dental moldings and raised

panel wains coating. Custom wood blinds on all windows.

One executive office offers crown and dental moldings detail,

raised panel wains coating, gas fireplace with custom walnut

wood raised panel mantel and separate lavatory/power room.

Prospect Commons Corporate Centre Building Construction Details


Flooring: 80% high quality and traffic carpet. Other areas are

ceramic tile in all lavatories and hardwood and porcelain tile in

lobby reception areas

Walls: Painted drywall and some areas with wains coating,

95% of all interior office space walls are non-bearing allowing

for the flexibility to easily reconfigure office needs

Ceilings: Designer Series suspended acoustic fiber ceiling tiles

on a grid system with diffused non glare florescent office

lighting units allows for flexible reconfiguration and a well

brightly lit office

HVAC: 5 individual gas warm air split systems with central air

conditioning provide for the ultimate in balanced and comfort

of the interior office space environment 3 of the systems have

the added feature of bringing in exterior air during those non

climate control seasons. These high efficiency HVAC systems

are designed for energy cost savings operation.

Electrical Systems: 4 services- 1 metered house service and 3

separate metered services for the office space areas

Phone and Data: Portal connections for phone, data and

networking with home run wiring provided throughout the

office space

Gas Service: 3 metered services- 2 service the 1st floor office

space, 1 service for the 2nd and 3rd floor

Parking: Macadam parking lot includes handicapped space and

45 additional off street parking spaces

Signage: Free standing double face display/identity signage on

the road frontage lighted and on a timer

Exterior Lighting: Free standing parking lot lighting, and entry

door lighting on timers for evening hours of operation

Landscaping: Professional planted and maintained foundation,

walkway, and site landscaping

Landscape Sprinkler System: Timer water sprinkler system

that services the site landscaping

Lot Size: 141’ of frontage on Sumneytown Pike, total lot

area- 34,918 +/- sq. ft., approximately .8 acres

Zoning: BP- Business Professional District

Daily Traffic Count: 16,998 vehicles average daily on

Sumneytown Pike frontage per PASDA


Prospect Commons Corporate Centre Building Construction Details

Real Estate Taxes

The subject property is presently assessed for a total of $843,990. The current (2016)

annual tax is summarized as follows:


PARCEL 56-00-08491-003

TOTAL ASSESSMENT

$843,990.

ANNUAL TAX

$25,033./2016



Building Square Footage & Floor Plans

Building Square Footage Break Down

Total Building 13,510 Square Feet of Office Space and Storage

Total Rentable Office Space

8,828 Square Feet –

4,234 Square Feet 1st Floor &

4,594 Square Feet 2nd Floor

Total Lower Level Storage 3,748 Square Feet

Total in 3rd

Floor Climate Controlled Storage 934 Square Feet


First Floor Plan


Second Floor Plan


Finished and Climate Controlled Third Floor


Exterior Building Photos


Interior Building Photos


Interior Building Photos


Building Occupancy & Availability

Current Occupancy ~ W.B. Homes Inc. currently occupies a portion of the building as their corporate

offices and is willing to accept one of the two lease options according to the buyers choosing:

1 Year Lease with 6 - 1 Month Renewal Options at $9,812.60 per Month $117,751.20 (12 x $9,812.60) per Year

2 Year Lease with 1 - 1 Year Renewal Option at $9,812.60 per Month $117,751.20 (12 x $9,812.60) per Year

Under both of the above lease options the Tenant Pays the Gas and Electric which is Metered Separately for the Second Floor.

Owner Pays the Heat and Electric on the First Floor Since it is not Metered Separately.

Current Availability ~ First Floor

3,063 Square Feet of Rentable First Floor Office Space

1,874 Approximate Square Footage of Lower Level Storage of which approximately 900 Square Feet is Finished-Carpeted and

Dry walled


Site Plan


Area Overview

ECONOMIC DIVERSITY

Montgomery County is second only to Philadelphia as a center for employment in the region. Montgomery County experienced an

increase in its share of the region’s total employment from 1990-1995, then leveled off with slower growth to the year 2000. These

trends are a reflection of the migration of industry to the suburbs and a favorable industrial mix. All 21 general categories of

manufacturing were represented in the county. The major source of employment in Montgomery County has been white collar

employment with has developed in the fast growing office and industrial corridors bordering the Pennsylvania Turnpike and Route

#202. These corridors include affluent industrial and office parks such as Pennsylvania Business Campus, King of Prussia Business

Park, For Washington Office Park and Whitemarsh Industrial Campus.

TRANSPORTATION Public transportation is provided to national points by either rail or air. Philadelphia International Airport is centrally situated

within the region and provides full service travel throughout the nation and internationally. The airport was recently improved with

a new international terminal. The domestic terminals are undergoing an expansion and renovation with expanded parking. Rail

transportation is provided by AMTRAK. Metro liner service is extensive to the northeast corridor. These transportation sources are

supplemented by regional systems, most notably SEPTA (Southeastern Pennsylvania Transportation Authority) on the

Pennsylvania side and New Jersey Transit on the New Jersey side.

Industrial transport is accommodated throughout the region. CSX has an intensive network of freight lines which connect with other

regional systems. Air freight service is available from Philadelphia International Airport. Numerous truck lines are based in the

region and operate nationally. The region even boasts a port system.


The Greater Philadelphia Region

Transportation

Services



SEPTA Train Station

30th Street Station Suburban Station


SEPTA Bus Route 96

SUMMARY

Prestigious Location

Access to Center City and All Suburbs

Proximity to Employment

Superior Amenities

Affordable Housing Stock

Great University Access

Public Transportation

Superior Retail and Medical

Large Pool of Professionals to Employ

The information provided is deemed to be reliable but is subject to

errors omissions and changes without prior notice.

EDUCATION

Penn State Abington

Chestnut Hill College

Westminster Seminary

Arcadia University

Immaculata University

Villanova University

Montgomery County Community College

Gwynedd Mercy University

Temple University

La Salle University

Ursinus College

Eastern University

Cabrini College

Salus University

HEALTHCARE

Abington-Lansdale Hospital

Grand View Health

Lehigh Valley Hospital

Suburban Community Hospital

Abington Memorial Hospital

Holy Redeemer

Temple Fox Chase

Chestnut Hill Hospital

Nazareth Hospital

Albert Einstein Hospital

Friends Hospital

University of Pennsylvania

CHOP


NEARBY AMENITIES

Pinecrest Country Club

Blue Bell Country Club

Cedarbrook Country Club

Lansdale Area Family YMCA

Montgomeryville Mall

Plymouth Meeting Mall

King of Prussia Mall

Willow Grove Park Mall

CULTURE

Philadelphia is the birthplace of our nation, and home of the Liberty Bell.

Philly is the proud home to the soft pretzel, Tastycake, hoagies, Philadelphia

cream cheese, and, of course, the one and only Philly cheese steak. This

town is cutting edge, high-brow, and nitty gritty. Philly is THE “buzz” city

of the arts and higher learning—from its museums and galleries, its

performing arts centers and jazz clubs, to its independent Ritz theaters.

Some of the cultural, historical and entertainment highlights include:

The Mummer’s parade

The Franklin Institute

Mann Music Center

The Philadelphia Zoo

Kimmel Center

Barnes Museum

Pennsylvania Ballet

Rodin Museum

Academy of Fine Arts

Art Museum


David J. Caracausa,

Realtor & Broker Associate

Certified Counselor of Real Estate

[email protected]

C: (215)699.2600

www.cbprem.com


404 N Sumneytown Pike, North Wales, PA

Revised 2/9/17

404 N Sumneytown Pike Upper Gwynedd Township...Flooring: 80% high quality and traffic carpet. Other areas are ceramic tile in all lavatories and hardwood and porcelain tile in lobby

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