Description
Prime location in Lower Bucks County, featuring 2.9 acres +/-, Income producing Quadplex on site (all occupied). Ideal for logistic user/owners and Industrial investors/developers with only 3% vacancy rate and industrial rents averaging around 8.7% growth rate. Major thoroughfare like I95, New Jersey Turnpike, and Pennsylvania Turnpike providing access into major cities like Philadelphia and New York City. Only 7million SF of logistic space has been built since 2000, less than 200,000 SF is currently listed as available. The rest is spoken for via large tenants such as Home Depot, Estee Lauder, David's Bridal, Amazon, and third party logistic firms. Because of the dense pollution and access to thoroughfares Lower Bucks County is the preferred location comparative to Upper Bucks County for many consumers and investors in this space. Additionally, the slow decay of manufacturing in Bensalem, Bristol, and Fairless Hills provide a sizable labor market to staff logistics facilities fueling demand for parking & development for logistics.
Location
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 23rd September, 2023 4:54 AM (UTC)
Listing Agent: John J Bianchimano
Listing Office: RE/MAX 2000
Attribution contact: 2156982000 | 2156982000
