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OFFERING MEMORANDUM 59 Fretz Road Lower Salford Township Souderton, PA 18964 Development Opportunity 15.575 Acres OFFERING MEMORANDUM

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Page 1: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

OFFERING MEMORANDUM

59 Fretz Road Lower Salford Township Souderton, PA 18964

Development Opportunity 15.575 Acres

OFFER

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Page 2: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

[email protected] [email protected]

Page 3: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

01

Property Description

Site Summary

Regional Map

Site Plan

Zoning Map

Zoning Code

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Page 4: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

Page 5: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

Regional Map | 5

59 Fretz Road

Page 6: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

Site Plan | 6

59 Fretz Road

Page 7: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

Zoning Map | 7

SITE

59 Fretz Road

Page 8: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

Zoning Code | 8

59 Fretz Road

Page 9: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

02

Market Information

Montgomery County, PA

Market Demographics

Neighbors

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Page 10: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

Page 11: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

Page 12: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

Page 13: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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.

Page 14: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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Page 15: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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

[email protected]

Kevin Flynn, Jr. | x121

[email protected]

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

Page 16: Development Opportunity 15.575 Acres · Rank Company Number of Employees 1 Merck & Company 125,000 2 Abington Memorial Hospital 60,000 3 Main Line Health System 5,750 4 Giant Food

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.