Description de l'actif
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.
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Caractéristiques de l'actif
Taille du terrain
2,77 hectare
Média
Points clés d'investissement
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.
Contacter l'équipe
720 Vandenburg Road (0 actifs)
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
5 oct. 2023
