F O R L EA S E : W ES T C H E ST E R, PA +/- 4,000 SF W AREHOUSE & O FFICE (R EAR )

Transcription

1 F O R L EA S E : W ES T C H E ST E R, PA +/- 4,000 SF W AREHOUSE & O FFICE (R EAR ) +/- 4,000 SF Warehouse A ME R I C A N B LV D., W E S T C H E S T E R, PA P i l l a r R e a l E s ta t e A d v i s o r s, L l c A n d r ew Tur ne r O : E x t C : E : A T ur ne r@ P il la r Re a le st at e A dv i so r s.c o m

2 Property Features F OR LEASE: WEST CHESTER, PA +/- 4,000 SF WAREHOUSE & OFFICE (REAR) +/- 4,000 SF of Warehouse Space Available for Lease Located in The American Helicopter Museum & Education Center Building West Goshen Township 14 Drive-In Door 20 Ceiling Height Clear span Fully Sprinklered Ample Parking (Over 25 Parking Spots) Easy access to Route 202 North & South Lease Price: $10/SF (NNN) 1220 AMERICAN BLVD., WEST CHESTER, PA 19380

3 F OR LEASE: WEST CHESTER, PA +/- 4,000 SF WAREHOUSE & OFFICE (REAR) Brandywine Airport +/- 4,000 SF Warehouse 1220 AMERICAN BLVD., WEST CHESTER, PA 19380

4 MUNICIPALITY & CODES Zoning Information Municipality Governing Zoning: West Goshen Township Current Zoning: I-2 Is current use permitted? Yes Current Use Compliance: Yes Zoning Change Pending: No Zoning Variance Applied For: N/A Zoning Requirements I-2 Zoning Compliance Minimum Lot Area: 2 Acres YES Maximum Building Height: 40 Feet YES Maximum Lot Coverage (% of lot area) 50% YES Minimum Yard Setbacks I-2 Zoning Per West Goshen Township District purpose and use regulations. The purpose of this district is to provide areas for a wide variety of industrial and selected business uses seeking attractive settings where lot sizes and industrial and business uses would tend to be smaller than those in the I-1 District. A building may be erected, altered or used and a lot or premises may be used for any of the following purposes and for no other: (1) Research, engineering or test laboratory. Any production, processing, cleaning, testing, repair, storage and distribution of materials, goods, foodstuffs and products, not involving a retail activity on the lot and not including a junkyard or the slaughtering of animals. (2) Mini warehouse or self-storage facility. [Added by Ord. No ; amended by Ord. No ] (2.1) Wholesale sales, storage or distribution. [Added by Ord. No ] (2.2) 1Municipal, county, state and federal uses including fire, police and ambulance facilities. [Added by Ord. No ] (3) (4) Contractor's establishment not engaging in any retail activities on the site. (5) Offices. (6) Mass transit station. Public place of amusement or recreation; athletic club. [Amended by Ord. No ; by Ord. No ] (7) (8) Financial establishment. (9) Commercial greenhouse. (10) Agricultural use: as prescribed by the farm regulations in Automobile body repair and paint shop or automobile repair shop. [Added by Ord. No ; amended by Ord. No ] (11) Hotel/motel, provided that the minimum lot size for the use shall be three acres. [Added by Ord. No ]. Front (feet): 50 Feet YES Rear (feet): 35 Feet YES Side (feet): 30 Feet YES

5 REGIONAL OVERVIEW The subject is located in Chester County, which is located in the southeastern corner of Pennsylvania, along the Route 202 Corridor. The center of Chester County is situated approximately 40 miles west of the city of Philadelphia. The subject is located within the Philadelphia Metropolitan Region, and the Philadelphia-Camden-Wilmington Metropolitan Statistical Area. The total population of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA metro changed from 5,971,463 in 2010 to 6,053,720 in 2015, an increase of 82,257 (1.3%). This metro was ranked number 5 in 2010 and 7 in 2015, based on total population, among all metros. This metro is projected to have a total population of 6,381,046 in The projected population change from 2010 to 2020 is 409,770 (6.9%). The population ages 65 years and over is projected to change from 815,641 (2010) to 1,184,060 (2020), a change of 368,419 (45.2%). Based on per capita personal income (PCPI), this metro was ranked number 36 in 2008 and 36 in 2014 among the 917 metros for which personal income was estimated. The PCPI changed from $48,557 in 2008 to $54,936 in 2014, a change of $6,379 (13.1%). 282 metropolitan statistical areas, of the total 381, experienced an increase in real Gross Domestic Product (GDP) between 2009 and This metro ranked number 8 among the 381 metros based on 2014 GDP. The GDP (millions of current dollars) changed from $340,442 in 2009 to $391,118 in 2014 a change of $50,676 (14.89%). Real GDP (millions of real, inflation adjusted, dollars) changed from $340,442 in 2009 to $358,469 in 2014, a change of $18,027 (5.3%). Source: ProximityOne Metropolitan Area Situation & Outlook Report Miles 50 Miles 100 Miles FROM: 1220 AMERICAN BLVD WEST CHESTER, PA TO: DRIVE TIME AIR TIME RAIL TIME PHILADELPHIA, PA 41 Minutes N/A 1.5 Hours ATLANTIC CITY, NJ 2 Hours 3.5 Hours 3.5 Hours NEW YORK, NY 3 Hours 1 Hour 3.5 Hours WASHGINTON, D.C. 3 Hours 1 Hour 3 Hours WILMINGTON, DE 40 Minutes 30 Minutes 2 Hours HARRISBURG, PA 1.5 Hours 55 Minutes 2.5 Hours BALTIMORE, MD 1.5 Hours 55 Minutes 2.5 Hours

6 LOCAL OVERVIEW The subject property is located approximately 36 miles west of the City of Philadelphia. West Chester is the county seat for Chester County, PA and home to the County Courthouse, Municipal Services buildings, and West Chester University. The median household income for the surrounding 5 mile radius is $91,779 (2015). The greater West Chester market area is accessible by the major thoroughfares of Rt. 3 (West Chester Pike), business Rt. 30 (Lancaster Avenue), Rt. 30 Bypass, Rt. 202, and The Pennsylvania Turnpike. Chester County, Pennsylvania has been ranked in the top 5 best counties to live in the United States (2014). The borough of West Chester is bisected by primary streets of Market Street and Gay Street traveling East and West, and High Street traveling North and South. The downtown West Chester area, contains facility buildings and residential apartment complexes. The population was 21,866 at the 2010 census. In 2013, Money Magazine voted it as the 10th best place to live in America. QVC, A. Duie Pyle Trucking, Teva Pharmaceuticals, and Lasko Industries are all headquartered in West Chester. The borough is home to over 60 restaurants and a multitude of retail shops and service related businesses. The immediate outlying area is primarily residential with the exceptions of West Chester University and the regional hospital.

7 Eric Kuhn Ext. 101 Andrew Carlino Ext Ext. 102 Jen Minicozzi Ext. 104 "The information contained in this document has been obtained from sources believed reliable. While Pillar Real Estate Advisors, LLC does not doubt its accuracy, Pillar Real Estate Advisors, LLC. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on several factors which should be evaluated by your tax, financial and legal advisors to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited."