MEDICAL OFFICE INVESTMENT/USER OPPORTUNITY ON THE MAIN LINE

 
 

FOR SALE:

245 SOUTH BRYN MAWR AVENUE

BRYN MAWR, PA 19010

 
 
 


INVESTMENT HIGHLIGHTS


  • Ask: $1,150,000 (~$240 psf)
  • In Place NOI: $88,089
  • Cap Rate: 7.66%
  • 4,850 sf
  • 100% occupancy
 
 

Vista Realty Partners has been engaged by Ownership (the "Owner") as the exclusive Advisor with respect to the sale of 245 South Bryn Mawr Avenue, Bryn Mawr, PA 19010-2221 (the "Property", "245 S Bryn Mawr Ave").


245 South Bryn Mawr Avenue is a 1.09-acre property improved by a two-story, 4,850 square foot Victoria style former residence. The building was converted to a medical office property inclusive of 3,000 sf of medical office, 1,000 sf of basement storage space, and an 850 sf third story apartment. The Property is owned by certain principals of South Bryn Mawr Ave Assoc LLC ("Sellers").


The Property features a dry lower level/storage area, six (6) exam rooms, six (6) bathrooms, private offices, separate reception and waiting areas, and a first-floor endoscopy suite. There are twenty-nine (29) surface parking spaces (5.98 spaces for 1,000 sf). 245 S Bryn Mawr Ave is currently 100% occupied by two (2) medical tenants in MidLantic Urology and Forge Medical Group LLC, as well as a couple occupying the third-floor walkup apartment unit. All tenant leases are short term allowing for a user to purchase the building and collect the cash flow prior to occupying the space.


PROXIMITY TO BRYN MAWR REHABILITATION HOSPITAL

The property is attractively located within a half mile of Bryn Mawr Hospital - Main Line Health.


ACCESS TO PUBLIC TRANSPORTATION

SEPTA - Bryn Mawr Station, Regional Paoli Thorndale Line is accessible within 0.2 miles from the property.

 
CLICK HERE TO EXECUTE CONFIDENTIALITY AGREEMENT AND RECEIVE DILIGENCE MATERIALS
 

MARK McGARRITY

Investment Sales

484 796 1076

mark@vrpnow.com

PETER STEVENS

Principal

610 952 4000

peter@vrpnow.com

This information has been obtained from sources deemed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.