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    888 Glenbrook Ave Bryn Mawr, PA 19010

    Sponsored
    For Sale
    $2,500,000

    High-yield medical office, 100% occupied

    Property size:
    8,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional medical office building, located at 888 Glenbrook Ave in Bryn Mawr, Pennsylvania, presents a compelling value-add investment opportunity. The property boasts 8,100 square feet of net rentable space, distributed across three units within a two-story building on a 25,000 square foot lot. Completely renovated in 2021, the building features an elevator and is fully ADA compliant, catering to a diverse range of medical tenants. Currently operating at 100% occupancy, with a lease expiration date of September 1st, 2024, this property offers immediate cash flow. The building's Class B designation reflects its well-maintained condition and recent upgrades. The property benefits from a prime location, just one block from Bryn Mawr Hospital and within walking distance of the R-100 train station, ensuring high visibility and convenient access for patients and staff. Additional features include 4,000 square feet of air rights and a triple-net (NNN) lease structure. Financial highlights include an asking price of $2,500,000, a price per square foot of $308.64, and an attractive 8.00% cap rate. The property's strong financial performance is further supported by the 2023 real estate taxes of $25,830 and 2022 operating expenses of approximately $57,221. The building was constructed in 1980 and sits within a commercially zoned area. This is a rare opportunity to acquire a high-performing medical office building in a desirable location with significant upside potential.

    Property Features for 888 Glenbrook Ave

    General Information

    Property type
    Medical offices
    Square Feet
    8,100 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1980/2021
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • $2,500,000 asking price for this 8,100 square foot medical office building.
    • Located at 888 Glenbrook Ave, Bryn Mawr, PA 19010.
    • Fully renovated in 2021, Class B, with elevator and ADA compliance.
    • Triple‑net (NNN) lease, 100% occupancy with three tenants, expiring September 1, 2024.
    • 8% cap rate, $308.64 per square foot.
    • 25,000 square foot lot, two‑story building, built in 1980.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greenbrook TMS NeuroHealth ... Mental Health Clinic Lander William W ... Doctor Temple University Plastic ... Medical Clinic Temple University Plastic ... Doctor M Seplow Psychiatrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bryn Mawr
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.32412503
    Latitude
    40.01928177

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    FAQs

    What type of property is this?
    Medical office - High-yield medical office, 100% occupied
    Where is this medical office located?
    The property is located at 888 Glenbrook Ave Bryn Mawr, PA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for this 8,100 square foot medical office building.; Located at 888 Glenbrook Ave, Bryn Mawr, PA 19010.; Fully renovated in 2021, Class B, with elevator and ADA compliance.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    888 Glenbrook Ave Bryn Mawr, PA 19010
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