Office Medical
North Wales Medical
212 N Main St, North Wales, PA 19454
Listing Price: $1,300,000
Investment Overview
Marcus & Millichap is pleased to present a compelling opportunity to acquire a medical and professional office building in the heart of North Wales, Pennsylvania, anchored by a nationally recognized healthcare provider. The property is highlighted by a long-term lease with Jefferson Health, which occupies the entire third floor and recently completed a full interior buildout in 2022, demonstrating a significant commitment to the location. The remaining space within the building offers a highly attractive owner-user or value-add investment opportunity. The second floor is currently occupied by multiple tenants on flexible month-to-month agreements, allowing a new owner to tailor the tenancy to their specific strategy—whether by occupying the space, executing new leases at market rates, or repositioning the asset to maximize income. Strategically located within an affluent suburban community and in close proximity to major transportation corridors, the property benefits from strong accessibility and consistent demand for medical and professional office space. This unique combination of stable healthcare tenancy and near-term upside potential positions 212 N Main Street as an ideal acquisition for both investors seeking growth and owner-users looking to establish a presence in a highly desirable Montgomery County location.
North Wales Medical
Investment Highlights
- Jefferson Health Anchored Medical Office. Entire 3rd floor (5,719 SF) leased to Jefferson Health, premier healthcare provider in the Philadelphia MSA, serving as the building's primary anchor tenant.
- Approximately 6-years of remaining lease term with a full medical fit-out completed in 2022, representing significant tenant investment and long-term commitment to the location.
- Excellent Regional Accessibility - 2.9 miles from Interstate 476 and 2.7 miles to Pennsylvania Route 309. Providing convenient access throughout Montgomery County and the greater Philadelphia region.
- An average household income of $149,974 and a population of 152,409 within a 5-mile radius. Creating local demand for professional and medical office space. Merck & Co Pharmaceutical corporate office is located across from the building.
- The North Wales Septa Train Station is located 0.3 miles from the property, correlating to a 5 minute walk. This station is a 35 minute train ride to Center City Philadelphia.
- Second floor offers an owner-user 5,441/SF of space. Ability to customize/combine units and operate alongside a nationally recognized healthcare provider. 2,965/SF of building is vacant space. Other tenants on the second floor are month-month, taking up 2,476/SF.
Exclusively Listed By
Listing Price: $1,300,000
Investment Highlights
- Jefferson Health Anchored Medical Office. Entire 3rd floor (5,719 SF) leased to Jefferson Health, premier healthcare provider in the Philadelphia MSA, serving as the building's primary anchor tenant.
- Approximately 6-years of remaining lease term with a full medical fit-out completed in 2022, representing significant tenant investment and long-term commitment to the location.
- Excellent Regional Accessibility - 2.9 miles from Interstate 476 and 2.7 miles to Pennsylvania Route 309. Providing convenient access throughout Montgomery County and the greater Philadelphia region.
- An average household income of $149,974 and a population of 152,409 within a 5-mile radius. Creating local demand for professional and medical office space. Merck & Co Pharmaceutical corporate office is located across from the building.
- The North Wales Septa Train Station is located 0.3 miles from the property, correlating to a 5 minute walk. This station is a 35 minute train ride to Center City Philadelphia.
- Second floor offers an owner-user 5,441/SF of space. Ability to customize/combine units and operate alongside a nationally recognized healthcare provider. 2,965/SF of building is vacant space. Other tenants on the second floor are month-month, taking up 2,476/SF.
Investment Overview
Marcus & Millichap is pleased to present a compelling opportunity to acquire a medical and professional office building in the heart of North Wales, Pennsylvania, anchored by a nationally recognized healthcare provider. The property is highlighted by a long-term lease with Jefferson Health, which occupies the entire third floor and recently completed a full interior buildout in 2022, demonstrating a significant commitment to the location. The remaining space within the building offers a highly attractive owner-user or value-add investment opportunity. The second floor is currently occupied by multiple tenants on flexible month-to-month agreements, allowing a new owner to tailor the tenancy to their specific strategy—whether by occupying the space, executing new leases at market rates, or repositioning the asset to maximize income. Strategically located within an affluent suburban community and in close proximity to major transportation corridors, the property benefits from strong accessibility and consistent demand for medical and professional office space. This unique combination of stable healthcare tenancy and near-term upside potential positions 212 N Main Street as an ideal acquisition for both investors seeking growth and owner-users looking to establish a presence in a highly desirable Montgomery County location.
Exclusively Listed By
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