MODERN BANKING FACILITY AND CORPORATE OFFICES

Transcription

1 FOR SALE OFFICE MODERN BANKING FACILITY AND CORPORATE OFFICES 2104 Bath Road Bristol Twp., PA PRESENTED BY: CHICHI E. AHIA Executive Director/ Principal X101 PA #RS PROPERTY HIGHLIGHTS Modern Turnkey Banking Facility Centrally Located Freestanding Building 3,000 SF ± Modern Concept Branch 7,000 SF + Newly Renovated Professional Office Modern Executive Offices and Training/Board Room Renovated Employee Break Room Dedicated Call Center Drive-Up Teller Lane and ATM Well Situated - Local Mix of Residential, Medical, Office, and Retail New Commercial Development and Revitalization Locally Close proximity to I-95, Rt. 13 and Public Transportation

2 DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

3 TABLE OF CONTENTS 1. PROPERTY INFORMATION 4 Executive Summary 5 Complete Highlights 6 Floor Plans 7 Property Overview 8 2. LOCATION INFORMATION 9 Location Maps DEMOGRAPHICS 11 Demographics Report 12 Demographics Map 13 Rent Comps Summary 14 Rent Comps Map ADDITIONAL INFORMATION 16 Additional Photos 17 County Information - Bucks 18 Neighborhood nformation - Bristol Borough 19

4 1 PROPERTY INFORMATION

5 SECTION 1 PROPERTY INFORMATION Executive Summary SALE OVERVIEWVIEW SALE PRICE: Price Withheld CAP RATE: 8.0% LOT SIZE: 1.71 Acres BUILDING SIZE: 10,524 SF BUILDING CLASS: B PROPERTY DESCRIPTION Turnkey Modern Financial Institution with Corporate Offices Situation of 1.71 Acres. Excellent opportunity to purchase a class "A" professional stand-alone building. The facility has been renovated and is state-of-the-art. Present allocation includes a fully renovated, modern concept branch, executive and administrative offices, training/board room, conference areas, staff cubicles, fully renovated call center, copy room, meeting rooms, client hospitality station, renovated employee break rooms and more. YEAR BUILT: 1950 RENOVATED: 2015 ZONING: MARKET: SUB MARKET: CROSS STREETS: R1 (Pending Change) Philadelphia Lower Bucks County Bristol-Oxford Valley Road 5

6 SECTION 1 PROPERTY INFORMATION Complete Highlights PROPERTY HIGHLIGHTS Modern Turnkey Banking Facility Centrally Located Freestanding Building 3,000 SF ± Modern Concept Branch 7,000 SF + Newly Renovated Professional Office Modern Executive Offices and Training/Board Room Renovated Employee Break Room Dedicated Call Center Drive-Up Teller Lane and ATM Well Situated - Local Mix of Residential, Medical, Office, and Retail New Commercial Development and Revitalization Locally Close proximity to I-95, Rt. 13 and Public Transportation 60 Parking Spaces 5.7:1000 Ratio Dedicated Monument Signage Investment & Redevelopment Opportunities 6

7 SECTION 1 PROPERTY INFORMATION Floor Plans 7

8 SECTION 1 PROPERTY INFORMATION Property Overview Physical Description Property Name: Modern Freestanding Bank Building Type of Ownership: Fee Simple Property Type: Office APN: Lot Size: 1.71 AC Building Size: 10,524 SF Rentable SF: 10,524 SF Building Class: B Zoning: R1 (pending change) Parking Spaces: 60 Parking Ratio: 5.7 Building Frontage: Cross Streets: Bristol-Oxford Valley Road Construction Year Built: 1950 Construction Type: Existing Number of Stories: 1 Average Floor Size: 10,524 SF Foundation: Slab Parking Type: Surface Number of Units: Roof: Multidimensional, Shingled Interior Finish Walls: Drywall Ceilings: Drop Ceilings Floor Coverings: Carpet Tile, Carpet, Tile, Linoleum Restrooms: 4 Corridors: 8

9 2 LOCATION INFORMATION

10 SECTION 2 LOCATION INFORMATION Location Maps 10

11 3 DEMOGRAPHICS

12 SECTION 3 DEMOGRAPHICS Demographics Report 1 MILE 3 MILES 5 MILES Total households 2,996 35,543 85,779 Total persons per hh Average hh income $63,444 $65,015 $70,567 Average house value $234,492 $255,272 $268,599 1 MILE 3 MILES 5 MILES Total population 8,135 94, ,194 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census 12

13 SECTION 3 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 3 MILES 5 MILES TOTAL POPULATION 8,135 94, ,194 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES TOTAL HOUSEHOLDS 2,996 35,543 85,779 # OF PERSONS PER HH AVERAGE HH INCOME $63,444 $65,015 $70,567 AVERAGE HOUSE VALUE $234,492 $255,272 $268,599 * Demographic data derived from 2010 US Census 13

14 SECTION 3 DEMOGRAPHICS Rent Comps Summary SUBJECT PROPERTY Modern Freestanding Bank Building 2104 Bath Road Bristol Twp., PA PRICE/SF/YEAR/YEAR AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % Negotiable 10,524 SF 10,524 SF % RENT COMPS PRICE/SF/YEAR/YEAR AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % PRICE/SF/YEAR/YEAR AVAILABLE AILABLE SF BLDG SF # OF UNITS OCCUPANCY % TOTALS/AVERAGES

15 SECTION 3 DEMOGRAPHICS Rent Comps Map SUBJECT PROPERTY 2104 Bath Road Bristol Twp., PA

16 4 ADDITIONAL INFORMATION

17 SECTION 4 ADDITIONAL INFORMATION Additional Photos 17

18 SECTION 4 ADDITIONAL INFORMATION County Information - Bucks Bucks County Economic & Business Climate The boroughs of Bristol and Morrisville were prominent industrial centers along the Northeast Corridor during World War II. Suburban development accelerated in Lower Bucks in the 1950s with the opening of Levittown, Pennsylvania, the second such "Levittown" designed by William Levitt.Among Bucks' largest employers in the twentieth century were U.S. Steel in Falls Township, and the Vulcanized Rubber & Plastics and Robertson Tile companies in Morrisville. Rohm and Haas continues to operate several chemical plants around Bristol. Waste Management operates a landfill in Tullytown that is the largest receptacle of out-of-state waste in the USA (receiving much of New York City's waste following the closure of Fresh Kills landfill in Staten Island, NY 40 miles (64 km) away).[citation needed]bucks is also experiencing rapid growth in biotechnology, along with neighboring Montgomery County. The Greater Philadelphia area has become the second largest area of biotechnology in the United States, only behind Boston. It recently pushed San Francisco and Washington, D.C. to lower rankings. It is projected by 2020 that one out of four people in Bucks County will work in biotechnology. Bucks County is a county located in the Commonwealth of Pennsylvania. As of the 2010 census, the population was 625,249, making it the fourth-most populous county in Pennsylvania and the 98th-most populous county in the United States. The county seat is Doylestown. The county is named after the English county of Buckinghamshire.Bucks County is included in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area, more commonly known as the Delaware Valley. It is located immediately northeast of Philadelphia and forms part of the southern tip of the eastern state border. Bucks County is one of the three original counties created by colonial proprietor William Penn in Penn named the county after Buckinghamshire, the county where he lived in England. Penn built a country estate calledpennsbury Manor in Falls Township, Bucks County.Some places in Bucks County were named after locations in Buckinghamshire, including Buckingham Township, named after the county town of Buckinghamshire; Chalfont, named after Chalfont St Giles, the parish home of William Penn's first wife and the location of the Jordans Quaker Meeting House, where Penn is buried; Solebury Township, named after Soulbury, England; and Wycombe, named after the town of High Wycombe.Bucks County was originally much larger than it is today. Northampton County was formed in 1752 from part of Bucks County, and Lehigh County was formed in 1812 from part of Northampton County. The southern third of the county between Philadelphia and Trenton, New Jersey, often called Lower Bucks, resides in the Atlantic Coastal Plain, and is flat and near sea level, and the county's most populated and industrialized area. Bucks County shares a western border with Montgomery County, and also borders Philadelphia to the southwest, and Northampton and Lehigh Counties to the north. From north to south, it is linked to Warren, Hunterdon, Mercer and Burlington Counties in New Jersey by bridges.tohickon Creek and Neshaminy Creek are the largest tributaries of the Delaware in Bucks County. Tohickon Creek empties into the river at Point Pleasant and Neshaminy at Croydon (Bristol Township). 18

19 SECTION 4 ADDITIONAL INFORMATION Neighborhood Information Bristol, Pennsylvania Notable People from Bristol, PA Poul Anderson, science fiction writer. Daniel W. Bursch, astronaut.john F. Cordisco, former State Representative Jeffrey Costello, fashion designer. Tony DiStefano, motocross national champion. John Thompson Dorrance, founder of Campbell Soup Company Joseph R. Grundy (January 13, 1863 March 3, 1961), textile manufacturer, politician, U.S. Senator. William Edward Hanford (December 9, 1908 January 27, 1996), chemist Jeff Manto, professional baseball player Joe McEwing, professional baseball player Mike Missanelli, Philadelphia sports personality Todd Weiner, professional football player Niles Young, professional wrestler. Bristol was first settled in 1681 as Buckingham (for Buckingham, England). It was originally used as a port and dock. Bristol is rich in history, boasting many historic and restored houses that line the streets of Radcliffe and Mill.Until 1725 Bristol served as county seat of Bucks County. From its earliest days Bristol was a center of milling. With the building of the Delaware Canal and the Pennsylvania Railroad it became a center of transportation and an attractive location for industry. By the 1880s Bristol was home to many factories, including companies manufacturing wall paper and carpet. In 1917 Averell Harriman organized the Bristol shipyards. The area around the shipyards was named Harriman. In 1922 Harriman was annexed by Bristol. During World War II the old shipyards were used to build airplanes. In 1961, Bristol gained national attention when the song "Bristol Stomp", by The Dovells hit #2 on the Billboard pop chart. The song remains a local favorite, and it is often played at ceremonies, parades, and sporting events.the Bristol Historic District, Bristol Industrial Historic District, Delaware Division of the Pennsylvania Canal, Dorrance Mansion, General Stores and Mold Loft Building-Harriman Yard of the Merchant Shipbuilding Corporation, Grundy Mill Complex, Harriman Historic District, Jefferson Avenue School and Jefferson Land Association Historic District are listed on the National Register of Historic Places. Delaware Division of the Pennsylvania Canal is also designated a National Historic Landmark District. Local Attractions include the Bristol Riverside Theatre, and the Margaret R. Grundy Library and Museum. In the summer there are many festivals and free concerts. The cultural festivals include: Celtic Day, Puerto-Rican Day, African-American Day, and Italian Day (with a Doo-Wop Concert). There is also an Antique Car Show, Arts & Crafts Festival, and a Fall Auto Show. All held at the Bristol Lions Park, Bristol Wharf and in the Historic Mill Street Shopping District by the Delaware River.Silver Lake Park and Nature Center provides an area of recreation. 19