Flex Office Building with 18-Foot
1065 Andrew Drive Unit UNITS 2 & 4 West Chester, PA 19380
For Sale
$1,950,000
Flex and office space with 18-foot ceilings, broad I-2-R zoning, and large parking for easy day-to-day access.
Property Size10,000 SF
Price / SF$195
Days on Market154
Property Features for 1065 Andrew Drive Unit UNITS 2 & 4
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
Pillar Real Estate Advisors
Listed By:
Eric Kuhn
Source:
Deepcreeklake
Added: Feb 24
Changed: Jul 10
Last Checked: Jul 26 at 9:45PM
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 Pillar Real Estate Advisors
Investment Insights
Based on property information with market context.
This flex/office property totals approximately 10,000 square feet and is described as easily demisable, supporting flexible suite configurations. Interior features include 18’ ceilings and four HVAC systems, with two of the systems reported as new. The overall building is positioned for both light commercial operations and professional space needs.
Located in West Chester, Pennsylvania, the property is offered under I-2-R zoning with a wide use range noted in the marketing remarks. Access is described as convenient to Route 202, with a large parking lot and prominent signage intended to support visibility and customer or staff arrival.
The space is being presented for medical or professional use, and it also appeals to user and investor buyers. In-place income is referenced at an 8% cap rate, with occupancy scheduled as 7,500 SF through 10-31-26 and 2,500 SF through 12-1-27. For tenants and operators, the combination of demisable layout, higher ceilings, and upgraded HVAC provides a practical base for adapting the space to an end-use within the stated zoning parameters.
Located in West Chester, Pennsylvania, the property is offered under I-2-R zoning with a wide use range noted in the marketing remarks. Access is described as convenient to Route 202, with a large parking lot and prominent signage intended to support visibility and customer or staff arrival.
The space is being presented for medical or professional use, and it also appeals to user and investor buyers. In-place income is referenced at an 8% cap rate, with occupancy scheduled as 7,500 SF through 10-31-26 and 2,500 SF through 12-1-27. For tenants and operators, the combination of demisable layout, higher ceilings, and upgraded HVAC provides a practical base for adapting the space to an end-use within the stated zoning parameters.
Key Highlights
- 10,000 SF flex/office space built in 2005 with 18' ceilings
- Broad I‑2‑R zoning (flex for a wide range of uses) with space that is easily demised
- Two of four HVAC systems are new
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $260.4k | $26.04 |
| − Vacancy | −$50.8k | −$5.08 |
| EGI | $209.6k | $20.96 |
| − OpEx | −$52.4k | −$5.24 |
| NOI | $157.2k | $15.72 |
10,000 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.62M
NOI $157,217 @ 7.0% cap · market cap 8.06%
Second Best
Healthcare Medical
$2.21M
$1.94M – $2.58M
NOI $155,002 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,233 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- The Mobile Bar Trailer LLC — 1050 Airport Rd #1832, West Chester, PA 19380
Frequently Asked Questions
What type of property is this?
Flex space - Flex and office space with 18-foot ceilings, broad I-2-R zoning, and large parking for easy day-to-day access.
Where is this flex space located?
The property is located at 1065 Andrew Drive Unit UNITS 2 & 4 West Chester, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10,000 SF flex/office space built in 2005 with 18' ceilings; Broad I‑2‑R zoning (flex for a wide range of uses) with space that is easily demised; Two of four HVAC systems are new
