Skip to main content

Single-Tenant Office Medical

Verilife (PharmaCann) - Largest Privately Held Cannabis Company in the U.S. | Philadelphia MSA

601 W Germantown Pike, Plymouth Meeting (Philadelphia MSA), PA 19462

Listing Price: $3,265,415

Cap Rate
6.63%
Tenant Name
Verilife Pharmacann
Years Remaining On Lease
9.5
Gross SF
4,516
Guarantor
Corporate Guarantee
Rentable SF
4,516
Price/Gross SF
$723.08
Lease Type
Double Net
Rent Per Square Feet
$47.94

Investment Overview

Plymouth Meeting is a census-designated place (CDP) that straddles Plymouth and Whitemarsh Townships in Montgomery County, Pennsylvania. The City is home to the Colonial School District, the Plymouth Meeting Mall and several large office parks and shopping centers. It is home to IKEA’s U.S. headquarters. The confluence of the Pennsylvania Turnpike (I-276), the Mid-County Expressway/”Blue Route” (I-476) and the Northeast Extension of the Pennsylvania Turnpike (I-476) at the Mid-County Interchange occur in Plymouth Meeting. This interchange contributes to regional commerce and was a major driver for business and retail development. Montgomery County is the third-most populous county in the Commonwealth of Pennsylvania, and the 73rd-most populous in the United States. As of the 2020 census, the population of the county was 856,553, representing a 7.1% increase from the 799,884 residents enumerated in the 2010 census. Montgomery County is located adjacent to and northwest of Philadelphia.

Investment Highlights

  • Corporate Lease Featuring 2% Annual Rental Increases throughout the Initial Term and Options. Strong Inflation Hedge. High Quality Construction w/ Roof Warranty in place.
  • Positioned Along Area's Major Retail & Traffic Corridor: Located at a Signalized Intersection - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 52k Vehicles.
  • Near the I-276 & I-476 Interchange - This Interchange Contributes to Regional Commerce and is a Major Driver for Business and Retail Development.
  • Directly Across from Plymouth Meeting Mall - The Mall features more than 70 Specialty Stores & Restaurants, a Central Food Court, Outlying Restaurants, LEGOLAND Discovery Center and AMC Theatres.
  • LEGOLAND Discovery Center chose Plymouth Meeting Mall as their 1st and Only Location in the Philadelphia Market due to Highway Access as well as an Unsurpassed Family-Centric Environment.
  • The AMC Theatres @ Plymouth Meeting Mall just Completed a Comprehensive $6 Million Upgrade, Complete with Reclining Seats, and Liquor Service for Movie Goers.
  • 44,000+ High School and College Students live within a 10-Miles Radius. 12 Hotels with nearly 2,100 Rooms are located within a 5-Mile Radius from the Site. Located within One of the Most Sought After and Most Accessible Location in the Entire Philadelphia Region featuring the Most Desirable On-Site Amenities.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $133k within a 1-Mile Radius and over 176k People Residing within a 5-Mile Radius.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Single-Tenant Office Medical

Verilife (PharmaCann) - Largest Privately Held Cannabis Company in the U.S. | Philadelphia MSA

Listing Price: $3,265,415

Cap Rate
6.63%
Tenant Name
Verilife Pharmacann
Years Remaining On Lease
9.5
Gross SF
4,516
Guarantor
Corporate Guarantee
Rentable SF
4,516
Price/Gross SF
$723.08
Lease Type
Double Net
Rent Per Square Feet
$47.94

Investment Highlights

  • Corporate Lease Featuring 2% Annual Rental Increases throughout the Initial Term and Options. Strong Inflation Hedge. High Quality Construction w/ Roof Warranty in place.
  • Positioned Along Area's Major Retail & Traffic Corridor: Located at a Signalized Intersection - Features Direct Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 52k Vehicles.
  • Near the I-276 & I-476 Interchange - This Interchange Contributes to Regional Commerce and is a Major Driver for Business and Retail Development.
  • Directly Across from Plymouth Meeting Mall - The Mall features more than 70 Specialty Stores & Restaurants, a Central Food Court, Outlying Restaurants, LEGOLAND Discovery Center and AMC Theatres.
  • LEGOLAND Discovery Center chose Plymouth Meeting Mall as their 1st and Only Location in the Philadelphia Market due to Highway Access as well as an Unsurpassed Family-Centric Environment.
  • The AMC Theatres @ Plymouth Meeting Mall just Completed a Comprehensive $6 Million Upgrade, Complete with Reclining Seats, and Liquor Service for Movie Goers.
  • 44,000+ High School and College Students live within a 10-Miles Radius. 12 Hotels with nearly 2,100 Rooms are located within a 5-Mile Radius from the Site. Located within One of the Most Sought After and Most Accessible Location in the Entire Philadelphia Region featuring the Most Desirable On-Site Amenities.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $133k within a 1-Mile Radius and over 176k People Residing within a 5-Mile Radius.

Investment Overview

Plymouth Meeting is a census-designated place (CDP) that straddles Plymouth and Whitemarsh Townships in Montgomery County, Pennsylvania. The City is home to the Colonial School District, the Plymouth Meeting Mall and several large office parks and shopping centers. It is home to IKEA’s U.S. headquarters. The confluence of the Pennsylvania Turnpike (I-276), the Mid-County Expressway/”Blue Route” (I-476) and the Northeast Extension of the Pennsylvania Turnpike (I-476) at the Mid-County Interchange occur in Plymouth Meeting. This interchange contributes to regional commerce and was a major driver for business and retail development. Montgomery County is the third-most populous county in the Commonwealth of Pennsylvania, and the 73rd-most populous in the United States. As of the 2020 census, the population of the county was 856,553, representing a 7.1% increase from the 799,884 residents enumerated in the 2010 census. Montgomery County is located adjacent to and northwest of Philadelphia.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

MM Texture Background
MM Textured Background Lower