500 State Road, Bensalem, PA
BENSALEM, PA—Roddy Inc., a Bensalem-based industrial and commercial real estate brokerage firm, brokered the sale of the 84,953 square-foot 500 State Road, Bensalem Township, Bucks County, PA. The property, a modern one-story masonry and steel multi-tenant building situated on 4.15 acres was sold to 500 State LLC, a privately held real estate investment firm, on behalf of State Road Associates, the previous owner.
The building is presently divided into three units—Unit A (approx. 24,233 square feet), which is occupied by Easy Heat Wood Pellets, Unit B (approx. 18,710 square feet) and Unit C (approx. 42,010 square feet), which are occupied by Betz Plumbing and Heating Supply. In addition, a portion of the site is also leased to Omnipoint for the location of a cell tower.
The building is heated and sprinklered throughout and offers ceiling heights from 24-feet to 24-feet, 9 inch clear, twelve tailgate docks, five drive-in doors, 42-foot by 30-foot column spacing, and about 8,600 square feet of office space, with parking for 62 cars.
Strategically situated between the Academy Road and Woodhaven Road Interchange of I-95, the property offers convenient access to the Pennsylvania Turnpike (Exit 351/Bensalem) as well as Route 1 and the Betsy Ross Bridge and Tacony–Palmyra Bridge to New Jersey. The property is just 20 minutes from metropolitan Philadelphia, 30 minutes from Trenton, NJ and 90 minutes from New York.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
