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Financial
Distress signals
Property profile

1055 Westlakes Dr Unit 3RD 3rd Berwyn, PA 19312

FOR LEASE
Office buildings
Property ID
US73-2144649
128,130 SF 13.2 ac lot Built 1991
Last sale Aug 2013 · $74,015,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Class A, 30,121 square foot office building in Berwyn, Pennsylvania, offers a variety of executive suites, coworking, and creative office spaces. Located at 1055 Westlakes Drive, 3rd Floor, 19312, this Chester County property underwent renovations in 2019 and features striking modern interiors with glass frontage, marble, and granite accents. The building boasts 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$325k
Tax billed · 2024
Assessed value$9.22M
Assessed land$876k
Assessed improvement$8.34M
Effective rate3.52%

Value estimate

· Oct 2026
$22.94M
$20.64M – $25.23M
Submarket $/SF estimate$23.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$186/SF
County average, outlier-cleaned · 465 recorded sales of this use type
Observed band · Q1–Q3$127 – $271

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OA
JurisdictionCHESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant20.4
Auto Repair Shop18.2
Wholesale Shop18.0

Location

1055 Westlakes Dr Unit 3RD, Unit 3rd Berwyn, PA 19312
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1200 Swedesford, Berwyn, PA 19312-1172 $15,950,000 Apr 2024 89,544 SF
801 Cassatt, Berwyn, PA 19312-1179 $59,154,431 Jan 2021 142,184 SF
899 Cassatt, Berwyn, PA 19312-1190 $59,154,431 Jan 2021 167,192 SF
920 Cassatt, Berwyn, PA 19312-1178 $59,154,431 Jan 2021 86,796 SF
1050 Westlakes, Berwyn, PA 19312-2400 $23,563,125 Jan 2021 78,876 SF
1000 Chesterbrook, Berwyn, PA 19312-1084 $32,050,000 Sep 2019 171,524 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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