Steve Italiano, SVP, and Tom Bailey, first VP in the Wayne office of CB Richard Ellis, are exclusive agents for the property, which can accommodate expansion of the building by as much as 16,000 sf. Italiano tells GlobeSt.com the asking sale price is just under $5.9 million, or $125 per sf. The asking rental rate, he says, is $13.25 per sf, triple net.
The landscaped site includes paved, lighted parking for 182 cars. It is located close to an I 95 ramp near the Pennsylvania/Delaware state line and the Commodore Perry Bridge to Gloucester County, NJ. The building is made of slate, glass and masonry construction and the interior has recently been renovated. It has a central courtyard and features an 18-foot clear ceiling, tailgate loading docks with load-levelers, and full wet sprinkler protection.
Italiano says the Delaware County commercial market is appreciating. CBRE is marketing the property regionally and internationally.
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