Single-Tenant Net-Leased Office
For Sale
$6,500,000
3 Friends Lane, Newtown, PA 18940
Freestanding three-story office building offered under absolute NNN terms.
Property Size19,464 SF
Price / SF$325
Days on Market87
Property Features for 3 Friends Lane
General Information
Standard status
Active
Size
19,464 SF
Class
A
Property subtype
Office
Additional Details
Cap Rate
7%
Building Details
Building Size
19,464 SF
Year Built
1988
Stories
3
Tenancy
Single
Listing Agency:
SVN | Ahia
Listed By:
Chichi E. Ahia, SIOR · License #PA #RM423727
(267) 981-9110
Source:
Svnahia
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 19 at 4:02AM
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 SVN | Ahia
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Investment Insights
Based on property information with market context.
This offering is for a single-tenant, net-leased office investment in a free-standing, three-story building. The property is presented with an absolute NNN lease structure, with no landlord responsibilities throughout the term, and is currently occupied by a long-term tenant.
The building is listed for sale at 3 Friends Ln, Newtown, PA 18940, with a total size of 19,464 square feet.
The building is listed for sale at 3 Friends Ln, Newtown, PA 18940, with a total size of 19,464 square feet.
Key Highlights
- ±20,000 SF, three‑story free‑standing office building offered under absolute NNN terms
- Single‑tenant net leased office investment with a long‑term, investment‑grade tenant
- Absolute NNN lease structure with no landlord responsibilities throughout the term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,433
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,288,660
$6.3M
Cap Rate 7%
$4,491,900
$4.5M
Cap Rate 9%
$3,493,700
$3.5M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$520.8K $26.04/SF
− Vacancy
−$101.6K −$5.08/SF
EGI
$419.2K $20.96/SF
− OpEx
−$104.8K −$5.24/SF
NOI
$314.4K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,288,660
Cap Rate 7%
$4,491,900
Cap Rate 9%
$3,493,700
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,433 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.31M – $7.07M
NOI $424,466 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 18940, PA
30,280
Population
11,763
Households
2.6
Avg Household Size
47
Median Age
67%
College-Educated
97%
High-School Grad
34.6 sq mi
ZIP Area
875
Density / Sq Mi
$157,591
Median Household Income
$85,895
Median Earnings
$2,227
Median Rent
$623,300
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 - Freestanding three-story office building offered under absolute NNN terms.
Where is this office building located?
The property is located at 3 Friends Lane Newtown, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: ±20,000 SF, three‑story free‑standing office building offered under absolute NNN terms; Single‑tenant net leased office investment with a long‑term, investment‑grade tenant; Absolute NNN lease structure with no landlord responsibilities throughout the term
