FOR SALE OR LEASE: WEST CHESTER, PA · 2018. 6. 19. · WEST CHESTER, PA 19380 TO: DRIVE TIME AIR TIME RAIL TIME PHILADELPHIA, PA 41 Minutes N/A 1.5 Hours ATLANTI ITY, NJ 2 Hours

FOR SALE OR LEASE: WEST CHESTER, PA CLASS “A” FLEX BUILDING / 10,000 SF AIRPLANE HANGER

Pi lla r Rea l Es tate Ad vis ors , Llc

Er ic Kuhn | Andrew Turner | Andrew Car l ino

Phone: 484-887-8202 | Emai l : Info@Pi l larRealEstateAdvisors.com

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900 AIRPORT ROAD, SUITES 4, 5, & 6, WEST CHESTER, PA 19380

SITE

FOR SALE OR LEASE: WEST CHESTER, PA CLASS “A” FLEX BUILDING / 10,000 SF AIRPLANE HANGER




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SITE




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PROPERTY PICTURES

• Class “A” Flex Building Located in West Goshen Township

• 10,000 SF Airplane Hanger/Warehouse

• 3,500 SF Office Space

• 6 Offices, Conference Room & Space for 8 Cubicles

• 22’ Clear Span Ceiling

• Radiant Heated Floor

• Located with direct access to the Brandywine Airport (KOQN)

Runway

• Able to Handle Large 12 Pensa Turbo Props and Small Jets

Sale Price: Lease Price:

$1,850,000 $18/SF (NNN) - Office

$10/SF (NNN) - Warehouse

Property Features

MUNICIPALITY & CODES

Pi lla r R e al E stat e A dvi so r s, Llc

Phone: 484 -887-8202 | Website : www.Pi l larRealEstateAdvisors .com

Address: 433 W. Market Street , Sui te 9 , West Chester , PA 19382

Zoning Requirements I-2 Zoning Compliance

Minimum Lot Area: 2 Acres YES

Maximum Building Height: 40 Feet YES

Maximum Lot Coverage (% of lot area) 50% YES

Minimum Yard Setbacks

Front (feet): 50 Feet YES

Rear (feet): 35 Feet YES

Side (feet): 30 Feet YES

District purpose and use regulations. The purpose of this district is to provide areas for a wide variety of industrial and selected business uses seeking attractive settings where lot sizes and industrial and business uses would tend to be smaller than those in the I-1 District. A building may be erected, altered or used and a lot or premises may be used for any of the following purposes and for no other: (1) Research, engineering or test laboratory. Any production, processing, cleaning, testing, repair, storage and distribution of materials, goods, foodstuffs and products, not involving a retail activity on the lot and not including a junkyard or the slaughtering of animals. (2) Miniwarehouse or self-storage facility. [Added 7-24-1990 by Ord. No. 5-1990; amended 10-24-2007 by Ord. No. 11-2007] (2.1) Wholesale sales, storage or distribution. [Added 7-8-2015 by Ord. No. 4-2015] (2.2) 1Municipal, county, state and federal uses including fire, police and ambulance facilities. [Added 10-8-2014 by Ord. No. 4-2014] (3) (4) Contractor's establishment not engaging in any retail activities on the site. (5) Offices. (6) Mass transit station. Public place of amusement or recreation; athletic club. [Amended 1-23-1993 by Ord. No. 1-1993; 10-24-2007 by Ord. No. 11-2007] (7) (8) Financial establishment. (9) Commercial greenhouse. (10) Agricultural use: as prescribed by the farm regulations in § 84-50. Automobile body repair and paint shop or automobile repair shop. [Added 10-24-1995 by Ord. No. 7-1995 2; amended 8-10-2005 by Ord. No. 7-2005] (11) Hotel/motel, provided that the minimum lot size for the use shall be three acres. [Added 4-9-1997 by Ord. No. 7-97 3].

I-2 Zoning Per West Goshen Township Zoning Information

Municipality Governing Zoning: West Goshen Township

Current Zoning: I-2

Is current use permitted? Yes

Current Use Compliance: Yes

Zoning Change Pending: No

Zoning Variance Applied For: N/A

REGIONAL OVERVIEW

The subject is located in Chester County, which is located in the southeastern corner of Pennsylvania, along the Route 202 Corridor. The center of Chester County is situated approximately 40 miles west of the city of Philadelphia. The subject is located within the Philadelphia Metropolitan Region, and the Philadelphia-Camden-Wilmington Metropolitan Statistical Area. The total population of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA metro changed from 5,971,463 in 2010 to 6,053,720 in 2015, an increase of 82,257 (1.3%). This metro was ranked number 5 in 2010 and 7 in 2015, based on total population, among all metros.

This metro is projected to have a total population of 6,381,046 in 2020. The projected population change from 2010 to 2020 is 409,770 (6.9%). The population ages 65 years and over is projected to change from 815,641 (2010) to 1,184,060 (2020), a change of 368,419 (45.2%).

Based on per capita personal income (PCPI), this metro was ranked number 36 in 2008 and 36 in 2014 among the 917 metros for which personal income was estimated. The PCPI changed from $48,557 in 2008 to $54,936 in 2014, a change of $6,379 (13.1%).

282 metropolitan statistical areas, of the total 381, experienced an increase in real Gross Domestic Product (GDP) between 2009 and 2014. This metro ranked number 8 among the 381 metros based on 2014 GDP. The GDP (millions of current dollars) changed from $340,442 in 2009 to $391,118 in 2014 a change of $50,676 (14.89%). Real GDP (millions of real, inflation adjusted, dollars) changed from $340,442 in 2009 to $358,469 in 2014, a change of $18,027 (5.3%).

Source: ProximityOne Metropolitan Area Situation & Outlook Report 2016

10 Miles

50 Miles

100 Miles

FROM: 700 OLD FERN HILL RD WEST CHESTER, PA 19380

TO: DRIVE TIME AIR TIME RAIL TIME PHILADELPHIA, PA 41 Minutes N/A 1.5 Hours ATLANTIC CITY, NJ 2 Hours 3.5 Hours 3.5 Hours NEW YORK, NY 3 Hours 1 Hour 3.5 Hours WASHGINTON, D.C. 3 Hours 1 Hour 3 Hours WILMINGTON, DE 40 Minutes 30 Minutes 2 Hours HARRISBURG, PA 1.5 Hours 55 Minutes 2.5 Hours BALTIMORE, MD 1.5 Hours 55 Minutes 2.5 Hours




LOCAL OVERVIEW

The subject property is located approximately 36 miles west of the City of

Philadelphia. West Chester is the county seat for Chester County, PA and home

to the County Courthouse, Municipal Services buildings, and West Chester

University. The median household income for the surrounding 5 mile radius is

$91,779 (2015). The greater West Chester market area is accessible by the

major thoroughfares of Rt. 3 (West Chester Pike), business Rt. 30 (Lancaster

Avenue), Rt. 30 Bypass, Rt. 202, and The Pennsylvania Turnpike. Chester

County, Pennsylvania has been ranked in the top 5 best counties to live in the

United States (2014).

The borough of West Chester is bisected by primary streets of Market Street

and Gay Street traveling East and West, and High Street traveling North and

South. The downtown West Chester area, contains facility buildings and

residential apartment complexes. The population was 21,866 at the 2010

census. In 2013, Money Magazine voted it as the 10th best place to live in

America. QVC, A. Duie Pyle Trucking, Teva Pharmaceuticals, and Lasko

Industries are all headquartered in West Chester. The borough is home to over

60 restaurants and a multitude of retail shops and service related businesses.

The immediate outlying area is primarily residential with the exceptions of

West Chester University and the regional hospital.







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PROPERTY PICTURES

• Regional Airport Servicing:

• Chester County

• Delaware County

• Montgomery County’s Airport “Main Line”

• 3,350’ Runway

• Fully Lighted Facility

• Public Use Airport

• Utilized by Fixed Wing Turbo Props & Small Jet Air Craft

• Corporate Flight Service

• Users Include:

• QVC, Inc.

• The Vanguard Group

• Johnson & Johnson

Brandywine airport - quick facts




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FLOOR PLAN

OFFICE OFFICE OFFICE OFFICE OFFICE

CONFERENCE KITCHEN

MTG. ROOM

RECEPTION

HANGAR

BI-FOLD DOOR

Eric Kuhn [email protected] 484-887-8202 | Ext. 101

Andrew Turner [email protected] 484-887-8202 | Ext. 102

Andrew Carlino [email protected] 484-887-8202 | Ext. 103

Jen Minicozzi [email protected] 484-887-8202 | Ext. 104

"The information contained in this document has been obtained from sources believed reliable. While Pillar Real Estate Advisors, LLC does not doubt its accuracy, Pillar Real Estate Advisors, LLC. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on several factors which should be evaluated by your tax, financial and legal advisors to determine to your satisfaction the suitability of the property for your needs.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited."

Documents

FOR SALE OR LEASE: WEST CHESTER, PA · 2018. 6. 19. · WEST CHESTER, PA 19380 TO: DRIVE TIME AIR TIME RAIL TIME PHILADELPHIA, PA 41 Minutes N/A 1.5 Hours ATLANTI ITY, NJ 2 Hours