720 Vandenburg Road_Property for Sale
720 Vandenburg Road_Property for Sale
720 Vandenburg Rd, King of Prussia, PA, 19406-1400, US

720 Vandenburg Road

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the sale of 720 Vandenburg Road (the “Property’), a 6.85-acre parcel situated in the desirable suburban Philadelphia destination, King of Prussia. The site currently features an 80,000 SF office building that is 100% occupied on a short-term lease. The offering presents investors with the opportunity to acquire a 6.85-acre parcel and redevelop the Property into a luxury suburban multi-housing community.

...

Attributes

Land area net
2.77 ha (27,721 m²)

Media

Investment Highlights

Investment Highlights

  • Attractive Zoning
    • The 6.85-acre parcel is zoned KPMU (King of Prussia Mixed Use District) in Upper Merion Township. Multi-housing is permitted as a conditional use.
  • Leading Multi-Housing Fundamentals
    • According to AxioMetrics, the Norristown/Upper Merion/Lower Merion submarket achieved annual rent growth of 8.4% in 2022 and is expected to continue to grow at 3.5% annually through 2026.
  • Prime Location in a Desirable Submarket
    • King of Prussia is Suburban Philadelphia's one-stop destination for booming business, the hottest restaurants, world-class healthcare, and exciting recreational activities.
    • The submarket has been home to more than $4 billion in development projects since 2010, and there are several more that are planned to move forward.


Contact brokers

720 Vandenburg Road (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
5 Oct 2023