Class A Office
For Sale
Contact for pricing
1 Meridian Blvd, Wyomissing, PA 19610
Professional office space with amenities in a convenient location.
Property Size336,000 SF
Days on Market206
Property Features for 1 Meridian Blvd
General Information
Standard status
Active
Size
336,000 SF
Class
A
Property subtype
Office
Lease Term
MG; Gross
Building Details
Building Size
336,000 SF
Year Built
1992
Properties For Sale
at 1 Meridian Blvd Contact us1st Floor- 1A01
Size
12,668 SF
Term
Negotiable
2nd Floor
Size
7,898 SF
Term
Negotiable
2nd Floor- 2B03
Size
8,553 SF
Term
Negotiable
2nd Floor- 2C01
Size
6,967 SF
Term
Negotiable
4th Floor
Size
4,797 SF
Term
Negotiable
4th Floor- 4C01
Size
39,655 SF
Term
Negotiable
4th Floor-4A02
Size
16,081 SF
Term
Negotiable
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Listed By:
John Buccinno, SIOR CCIM
(610) 370-8508
Source:
Naikeystone
Added: Apr 1
Changed: Oct 4
Last Checked: Oct 23 at 4:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Buccinno, SIOR CCIM
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Investment Insights
Based on property information with market context.
This Class A office building at 1 Meridian at Spring Ridge offers professional office space. The property is professionally managed and features amenities such as an on-site cafeteria, a fitness center, 24/7 security, and common conference rooms available to tenants. Off-hour HVAC is also available. The campus-like setting is conveniently located near a major retail power center and a main highway interchange. Tenant improvement allowances are available. The 2nd, 3rd, and 4th floors feature raised access flooring. The building includes four rear loading docks and two freight elevators. There are 1,318 surface parking spaces, expandable by 295. The floor-to-slab height is 15'-18', allowing for 9' finished ceiling heights.
Key Highlights
- Class A office building with professional management and 24/7 on‑site security
- On‑site cafeteria and fitness center for your convenience
- Common conference rooms available to all tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,815,223
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,304,460
$56.3M
Cap Rate 7%
$40,217,471
$40.2M
Cap Rate 9%
$31,280,256
$31.3M
Market Conditions
NOI Build-Up for 336,000 SF
Gross rent
$4.35M $12.96/SF
− Vacancy
−$600.9K −$1.79/SF
EGI
$3.75M $11.17/SF
− OpEx
−$938.4K −$2.79/SF
NOI
$2.82M $8.38/SF
Area
Berks County, PA
Vacancy
13.80%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,304,460
Cap Rate 7%
$40,217,471
Cap Rate 9%
$31,280,256
Alternative Uses
Best Use
Office B
$40.22M
$35.19M – $46.92M
NOI $2,815,223 @ 7.0% cap · market cap 12,796,468.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$55.16M
$48.26M – $64.35M
NOI $3,861,043 @ 7.0% cap · market cap 17,550,195.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
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Business Placement
Demographics for 19610, PA
16,024
Population
7,327
Households
2.2
Avg Household Size
46
Median Age
54%
College-Educated
98%
High-School Grad
7.1 sq mi
ZIP Area
2,257
Density / Sq Mi
$91,034
Median Household Income
$52,707
Median Earnings
$1,669
Median Rent
$320,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Professional office space with amenities in a convenient location.
Where is this office building located?
The property is located at 1 Meridian Blvd Wyomissing, PA.
What are key features of this property?
This property features: Class A office building with professional management and 24/7 on‑site security; On‑site cafeteria and fitness center for your convenience; Common conference rooms available to all tenants
