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60 Shillington Rd

11,540 SF 100% Leased Flex Building Sinking Spring, PA 19608 $675,000 ($58/SF) 17% Cap Rate

Executive Summary

This property offers a versatile and attractive investment opportunity, featuring an open flex layout on the first floor and well-appointed offices on the elevator-served second floor. Located in a rapidly growing area with excellent highway access, it is perfectly suited for office or flex-space requirements. The high-growth location ensures increasing demand and long-term value. Additionally, the seller is open to leasing back approximately 2,500 square feet, providing the new owner with an immediate income stream and added flexibility.
The owner is willing to consider either a full or partial lease arrangement with a tenant. In the case of a partial lease, the owner would retain approximately 2,500 square feet on the first floor while leasing the remaining 9,040 square feet. This option is also available as part of a sale. Lease rates are expected to range from $8.00 to $9.00 per square foot, depending on factors such as the lease term, tenant credit, and the condition in which the space is delivered.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $675,000
Price Per SF $58
Sale Type Investment
Cap Rate 17%
Property Type
Flex
  • Industrial Warehouse
  • Office Industrial Live Work Unit
Building Class C
Lot Size 0.51 AC
Rentable Building Area 11,540 SF
No. Stories 2
Year Built 1976
Parking Ratio 1.65/1,000 SF

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
79-4386-10-35-7623
Land Assessment
$127,400 (2024)
Improvements Assessment
$360,300 (2024)
Total Assessment
$487,700 (2024)

zoning

Zoning Code C-2
C-2
  • Listing ID: 34293909

  • Date on Market: 12/26/2024

  • Last Updated:

  • Address: 60 Shillington Rd, Sinking Spring, PA 19608

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