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Shopping Strip

Main Ridge Center

2450 W Main St, Norristown, PA 19403

Listing Price: $1,788,927

Cap Rate
6.50%
Gross SF
18,906
Rentable SF
5,000
Price/Gross SF
$94.62
Lot Size
2.98 acres
Year Built
1974

Investment Overview

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

Investment Highlights

  • Leasing Momentum | The professional building has signed 5 new leases in the last 12 months
  • Replacement Cost | Acquiring this asset at $94 PSF is well below what it would cost to build in today's current environment
  • 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

Main Ridge Center

Listing Price: $1,788,927

Cap Rate
6.50%
Gross SF
18,906
Rentable SF
5,000
Price/Gross SF
$94.62
Lot Size
2.98 acres
Year Built
1974

Investment Highlights

  • Leasing Momentum | The professional building has signed 5 new leases in the last 12 months
  • Replacement Cost | Acquiring this asset at $94 PSF is well below what it would cost to build in today's current environment
  • 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 | Main Ridge Center is 18,906 SF and you also have the ability to acquire Burnridge Center which is 16,900 SF located less than a mile away (Same Seller)

Exclusively Listed By

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