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Shopping Strip

Burnridge Center

2101 W Main St, Norristown, PA 19403

Listing Price: $1,411,073

Cap Rate
2.20%
Gross SF
16,900
Rentable SF
10,000
Price/Gross SF
$83.50
Lot Size
1.50 acres
Year Built
1960

Investment Overview

Economies of Scale | Burnridge Center is 16,900 SF and you also have the ability to acquire Main Ridge Center which is 18,906 SF located less than a mile away (Same Seller)

Investment Highlights

  • Opportunity | This asset is located on a 1.5 acre corner parcel with a combined traffic count of 18K VPD between W. Main Street and Burnside Avenue
  • Replacement Cost | At the close of escrow – the NOI will be $31,130, this deal is priced at $83.50 PSF which is well below replacement cost
  • Dense Infill Philadelphia MSA | Norristown, PA is located in a very mature section of Montgomery County that has seen continued population growth year over year

Exclusively Listed By

Shopping Strip

Burnridge Center

Listing Price: $1,411,073

Cap Rate
2.20%
Gross SF
16,900
Rentable SF
10,000
Price/Gross SF
$83.50
Lot Size
1.50 acres
Year Built
1960

Investment Highlights

  • Opportunity | This asset is located on a 1.5 acre corner parcel with a combined traffic count of 18K VPD between W. Main Street and Burnside Avenue
  • Replacement Cost | At the close of escrow – the NOI will be $31,130, this deal is priced at $83.50 PSF which is well below replacement cost
  • Dense Infill Philadelphia MSA | Norristown, PA is located in a very mature section of Montgomery County that has seen continued population growth year over year

Investment Overview

Economies of Scale | Burnridge Center is 16,900 SF and you also have the ability to acquire Main Ridge Center which is 18,906 SF located less than a mile away (Same Seller)

Exclusively Listed By

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