900 Airport Rd, West Chester, PA
Class A office/flex condo building for sale in West Chester.
- Added:
- May 19, 2022
- Days on Market:
- 1488
- Last Refresh:
- May 20 at 8:51 pm
Property Features for 900 Airport Rd
General Information
- Standard status
- Active
- Size
- 19,043 SF
- Lot size
- 5.83 Acres
- Property subtype
- FLEX_R_AND_D
Listing agent Brady Carroll
Listing office KW Commercial Philadelphia - NE (215) 464-8800
Listing date May 19, 2022
Source Moodyscre
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 KW Commercial Philadelphia - NE
HighLights
- Class A Office/Flex Condo building boasting 19,043 SF, including 15,148 SF of office space and 3,895 SF of temperature‑controlled warehouse/flex space.
- Majority ownership in the building and majority voting rights within the Condo Association.
- Existing NNN lease with a long‑term tenant, generating $359,724 annual rent (including CAM), with potential for $366,888 if option is exercised.
- Meticulously maintained building with recent capital improvements like new HVAC, LED lighting, and renovated spaces.
- Warehouse space features high ceilings (16' clear), two drive‑in doors, and a 1,395 SF mezzanine.
- 50+ on‑site parking spaces, plus an additional 25 spaces available through a lease agreement.
Overview
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 | $495.9k | $26.04 |
| − Vacancy | −$96.7k | −$5.08 |
| EGI | $399.2k | $20.96 |
| − OpEx | −$99.8k | −$5.24 |
| NOI | $299.4k | $15.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Chester
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.5777
- Latitude
- 39.9937
