Renovated Office Building Near
888 Glenbrook Ave Bryn Mawr, PA 19010
888 Glenbrook Ave, Bryn Mawr, PA, 19010
Contact for pricing
For Sale
Contact for pricing
Recently renovated office building near Bryn Mawr Hospital and train.
Property Size8,100 SF
Price / SF$308.64
Days on Market1197
Property Features for 888 Glenbrook Ave
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency
Prime Realty Group Inc
(610) 668-1733
Listed by
Stuart Dessner · License #PA RM060781A
Source
Crexi
Added: Apr 11, 2023 Checked: Jul 19 at 5:03 am
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 Prime Realty Group Inc
Investment Insights
Based on property information with market context.
This is an 8,100 square foot office building that was totally renovated in 2021. The building is located one block from Bryn Mawr Hospital and is within walking distance of the R-100 train station. The building is elevator and ADA compliant. The 2023 real estate taxes are $25,830. The 2022 operating expenses were approximately $57,221.
Key Highlights
- Totally renovated in 2021
- Elevator/ADA compliant
- One block from Bryn Mawr Hospital
Local 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 | $213.8k | $26.40 |
| − Vacancy | −$36.8k | −$4.54 |
| EGI | $177.1k | $21.86 |
| − OpEx | −$44.3k | −$5.46 |
| NOI | $132.8k | $16.39 |
8,100 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,795 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,909 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greenbrook TMS NeuroHealth ...
Medical Clinic
Lander William W ...
Physician
Temple University Plastic ...
Medical Clinic
Temple University Plastic ...
Physician
M Seplow
Physician
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FAQs
What type of property is this?
Office building - Recently renovated office building near Bryn Mawr Hospital and train.
Where is this office building 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: Totally renovated in 2021; Elevator/ADA compliant; One block from Bryn Mawr Hospital
