Asking sale price for the building is $3.6 million or $78.26 per sf. It is just off the local interchange of the PA Turnpike and is located adjacent to 61 acres of vacant land for possible expansion.
The asking rental rate for this building is $17.50 per sf, plus utilities. That represents a reduced rate in comparison with the average asking rental rate of about $18.20 per sf for class-A office space in the Lehigh Valley to the north. It is also well below the average asking rental rate of about $21.75 per sf for similar space within the entire Greater Philadelphia area, which includes the Philadelphia suburbs and parts of NJ and DE.
Reid Blynn and Peter Strickler of the Wayne, PA, office of Smith Mack/Oncor International are marketing the property.
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