development opportunity 15.575 acres · rank company number of employees 1 merck & company...
TRANSCRIPT
OFFERING MEMORANDUM
59 Fretz Road Lower Salford Township Souderton, PA 18964
Development Opportunity 15.575 Acres
OFFER
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Exclusively Marketed by:
59 Fretz Road
CONTENTS
We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
01 Property Description 02 Market Information
Site Summaries 4 Montgomery County, PA 10
Regional Map 5 Market Demographics 11
Site Plan 6 Neighbors 13
Zoning Map 7 03 Offering Process
Zoning Code 8 Process & Contact 15
Michael Borski, Jr. Kevin Flynn, Jr.
215-561-6565 x119 215-561-6565 x121
01
Property Description
Site Summary
Regional Map
Site Plan
Zoning Map
Zoning Code
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Site Summary | 4
SITE SUMMARY
Land Size ±15.57
Topography Flat
Lot Dimensions Irregular
Road Frontage Fretz ±450’
Zoning Industrial
Tax Parcel 50-00-00706-009
59 Fretz Road offers a rare opportunity for the
development of industrial ground within 1.5
miles to the NE Extension of the PA Turnpike.
While Montgomery County continues to see
some of the lowest industrial vacancy rates of
all-time, the reliability on the internet for the
sale of just about any common good places
more and more emphasis on the need for
modern, quality industrial product. We believe
that 59 Fretz Road offers an excellent location
with immediate access to Pennsylvania's
Turnpike system and presents the opportunity
to take advantage of a thriving industrial
market in Montgomery County, and
submarket, in Lansdale. This offering
memorandum offers imperative details on how
this site will become an important industrial
development opportunity in a high demand
location.
59 Fretz Road
Regional Map | 5
59 Fretz Road
Site Plan | 6
59 Fretz Road
Zoning Code | 8
59 Fretz Road
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Market Information
Montgomery County, PA
Market Demographics
Neighbors
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Montgomery County, PA | 10
Montgomery County, a suburban county northwest of Philadelphia is included in the Philadelphia Metropolitan statistical area. The county is diverse in terms of land use ranging from farms and open land to densely populated row home streets throughout its boroughs, municipalities and townships. According to the 2016 census, the population in the county is ±821,725, which makes it the third most populous county in Pennsylvania behind Philadelphia and Allegheny counties. Additionally, Montgomery County is the 2nd most affluent County in the State of Pennsylvania behind neighboring Chester County.
A wealth of private elementary schools are
scattered throughout the County and include the Haverford School, Germantown Academy, the Shipley School and the Baldwin School. In addition to these top schools, the County is home to 23 public school districts, 43 private schools and 16 colleges and universities, including Haverford and Bryn Mawr Colleges.
As a suburb of Philadelphia many of the residents work in the city, however, the County is also a major employment center with large business parks in Blue Bell, Plymouth Meeting, Fort Washington, Horsham and King of Prussia which not only attracts residents of the County but workers from all throughout the region. As a result of the strong job base and taxes
generated by those jobs, the County receives the highest credit rating of “AAA” from Standard & Poor’s. This prestigious rating is seen in fewer than 30 counties throughout the Country.
Rank CompanyNumber of
Employees
1 Merck & Company 125,000
2 Abington Memorial Hospital 60,000
3 Main Line Health System 5,750
4 Giant Food Stores LLC 3,500
5 GlaxoSmithKline 2,500
6 SEI Investments 2,300
7 Wal-Mart Associates 2,250
8 United Parcel Serv ice Inc. 2,200
9 Hatfield Quality Meats 2,000
10 Albert Einstein Medical Center 1,700
Source: PA Department of Labor
59 Fretz Road
Market Demographics | 11
Esri Tapestry™ Segmentation – Souderton, PA
Parks and Rec
Share: 25.1%
Household Type: Married
Housing: Single Family
These practical suburbanites have achieved the
dream of home ownership. They have
purchased homes that are within their means.
Their homes are older, and town homes and
duplexes are not uncommon. Many of these
families are two-income married couples
approaching retirement age; they are
comfortable in their jobs and their homes,
budget wisely, but do not plan on retiring
anytime soon or moving.
Golden Years
Share: 21.9%
Household Type: Retired Couples
Housing: Single Family
Independent, active seniors nearing the end of
their careers or already in retirement best
describes Golden Years residents. This market is
primarily singles living alone or empty nesters.
Those still active in the labor force are employed
in professional occupations; however, these
consumers are actively pursuing a variety of
leisure interests—travel, sports, dining out,
museums, and concerts. They are involved,
focused on physical fitness, and enjoying their
lives. This market is smaller, but growing, and
financially secure.
Soccer Moms
Share: 19.9%
Household Type: Married Families
Housing: Multi; Single Family
Soccer Moms is an affluent, family-oriented
market with a country flavor. Residents are
partial to new housing away from the bustle of
the city but close enough to commute to
professional job centers. Life in this suburban
wilderness offsets the hectic pace of two
working parents with growing children. They
favor time-saving devices, like banking online or
housekeeping services, and family-oriented
pursuits.
The above data is provided by Esri TapestryTM Segmentation. Tapestry segmentation provides an accurate, detailed description of America’s neighborhoods—U.S. residential areas are divided into 67
distinctive segments based on their socioeconomic and demographic composition.
59 Fretz Road
Souderton, PA – 5 Mile Radius
3,087
Total Business
56,749
Total Employees
$44,633
Per Capital Income
$289,828
Median Home Value
2.53
Average Household Size
$99,533
Median Household Income
$3,375,108,000
Total Consumer
Expenditures
$1,069
Median Rent
Market Demographics | 12
59 Fretz Road
Neighbors | 13
59 Fretz Road
PA Turnpike
Lansdale
Interchange
59 Fretz Road is located immediately
behind Pecora and caddy corner to
Almac's 240,000 SF +/- North American
corporate headquarter building. On
the opposite side of Almac on
Walmbold Road is a proposed 600,000-
650,000 SF +/- new industrial park.
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Contact Info ..............................
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Contact | 15
Offer Requirements: All Offers Shall Include: • Purchase Price and Approval Process • Timing for inspection period and closing date
• Amount of Deposit Money, including the amount that is non-refundable
• Source of funds for the acquisition • Financial strength of purchaser • Summary of closed transactions and
references
For Further Information
Please Contact:
The Flynn Company
1621 Wood Street
Philadelphia, PA 19103
(215) 561-6565
www.flynnco.com
Michael Borski, Jr. | x119
Kevin Flynn, Jr. | x121
Seller, with it’s sole and absolute discretion, reserves the right to remove the Property
from the market. Seller expressly reserves the right, in its sole and absolute discretion, to
reject any and all proposals or expressions of interest in the Property, to terminate
discussions with any party at any time or to extend the deadlines set forth in the time
schedule.
59 Fretz Road
About The Flynn Company The Flynn Company is a full service brokerage company which works for the clients on both sale and lease transactions on an exclusive basis. The brokerage arm functions in the Commercial, Industrial, Retail and Investment Sales markets. The Flynn Company has been ranked by Philadelphia Business Journal and CoStar as one of the top commercial real estate brokers in Philadelphia for the past fifteen years. The brokerage team was responsible for approximately $315 million in 2016. The Flynn Company has represented The RREEF Funds, TA Realty, GE Capital Real Estate, Sun Life, Brandywine Realty Trust, Liberty Property Trust, and First Industrial Realty Trust for over fifteen years. The property management group presently manages in excess of 15 million square feet encompassing both the physical and financial aspects of management. The accounting department utilizes a cloud based system allowing full remote access and uses such software packages as MRI, Yardi, Argus, and other accounting and financial software packages. This flexibility allows us to cater to individual client's reporting requirements. Tamora Construction Company has constructed approximately $50 million worth of tenant fit out. Their primary purpose is to service projects for the parent company and its clients. Tamora Construction gives the development, brokerage, and management divisions the ability to immediately and accurately pro forma the build out costs. No rental quote or sale price can be accurately given until all construction costs are known. In addition, it is also essential to have the knowledge and expertise to control construction costs during that phase. This capability is essential for the financial success of a project. Superior Property Services acts primarily as a maintenance division for The Flynn Company’s clients. They work to supply, direct and control the daily operations of the portfolio. SPS works under the direction of our Property Management team to provide tenant satisfaction and cost effectiveness to each and every property.