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Wyncote Commons

Wyncote Commons

827 Glenside Ave, Wyncote, PA 19095

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PROPERTY DETAILS

Price

$11,030,413

NOI

$882,433

Cap Rate

8.00%

Building Type

Shopping Center

Tenancy

94% Occupancy

Price

Call David Laiter for pricing information

Gross Leasable Area (GLA)

92,700 SF (total)

Property Description

Wyncote Commons is a unique purchase opportunity in lower Montgomery County between Jenkintown and Glenside. This 94% occupied multi-tenant center features several tenants that are vital to the local community of Wyncote.The primary ±75,000 SF two-story building is joined by additional smaller buildings totaling ±17,000 SF of gross leasable area. A secondary +/-2.40-Acre lot is located across the street and serves as supplemental parking to the primary lot of ±4.25 Acres.

Wyncote is a primarily residential neighborhood with an estimated population of 3,333 residents (as of 2020). Located in Cheltenham Township, Montgomery County, PA, it is adjacent to both Jenkintown and Glenside. Jenkintown is a suburban community having an estimated population of 4,408 (as of 2020) and is one of the older Boroughs of Montgomery County. Located just outside of Philadelphia along Route 611, the Borough is a mostly residential community that is comprised of a traditional small-town mix of detached single-family homes, duplexes, and row homes. It is separated into East and West by the Business District that runs along and surrounds the York Road (Route 611) corridor. For pricing, contact David Laiter.

Investment Highlights

  • 94% Occupancy
  • Strong Retail Corridor
  • Tenants vital to local community
  • Supplemental Parking

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