2 Iron Bridge Dr - Cadence Education | Philadelphia, PA MSA
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2 Iron Bridge Dr - Cadence Education | Philadelphia, PA MSA
10,000 SF Specialty Building Offered at $3,289,294 at a 8.25% Cap Rate in Collegeville, PA 19426
Investment Highlights
- Corporate 300+ Unit Operator Ranked #7 on Top 50
- Naked Lease (No Options to Extend) Potential Owner/ Operator or Value-Add Opportunity - Contact Broker for More Info
- Avg. HH Income of $189K+ within a 3-mile Radius & Projected to Grow 13.92% by '29
- Strong Private Equity Backing from Apax Partners - $77 billion track record
- Ideal Childcare Property Characteristics with Over 19 Years of Operating History
- Population Counts Exceed 102k within a 5-mile Radius & Projected to Grow 2.36% by '29
Executive Summary
Northmarq is pleased to exclusively offer for sale a single-tenant early education property leased to Cadence Education in Collegeville, an affluent suburb outside of Philadelphia, PA. Cadence Education schools are corporately operated and have more than 300 schools as members of the Cadence Education Family of Schools across the country. This property has served the community and nearby office employees for over 19 years as a go-to childcare provider. This is very affluent area that boasts an excellent 3-mile average household income of $189k+ and is expected to grow 13.92% by '29 w/ a 102K+ population within 5 miles.
Property Facts
| Price | $3,289,294 | Building Class | C |
| Price Per SF | $329 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 8.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1997 |
| Property Subtype | Schools | Parking Ratio | 5/1,000 SF |
| Price | $3,289,294 |
| Price Per SF | $329 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Parking Ratio | 5/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 48-00-00292-002 | Improvements Assessment | $591,480 |
| Land Assessment | $121,970 | Total Assessment | $713,450 |
PROPERTY TAXES
Parcel Number
48-00-00292-002
Land Assessment
$121,970
Improvements Assessment
$591,480
Total Assessment
$713,450
zoning
| Zoning Code | LI; Perkimen Twp (Limited Industrial allows for uses including manufacturing, warehousing, and certain types of commercial activities) |
| LI; Perkimen Twp (Limited Industrial allows for uses including manufacturing, warehousing, and certain types of commercial activities) |
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2 Iron Bridge Dr - Cadence Education | Philadelphia, PA MSA
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