Entity Owned Property summary
The property is a three-story Class A headquarters building totaling 136,000 square feet, with a 15,000-square-foot amenity center on the first floor. Interior amenities include a full-service cafeteria and a lobby grab-and-go coffee bar, a full-service fitness center with locker rooms and showers, and an on-site conference center with up to eight separate conference rooms. Office space is configured with flexible floor plans designed to be divisible to accommodate approximately 20,000 square feet, 40,000 square feet, or up to 60,000 square feet across three floors, and the offices are provided with cubicle-style furnishings. The building is served by an on-site 125 KVA backup generator and has a parking ratio of 4 spaces per 1,000 square feet. It is located just off Church Rd & Sumneytown Pike near the Pennbrook SEPTA Regional Rail station on the Lansdale line, with retail and dining amenities in the surrounding area, and the building is situated adjacent to Merck’s West Point HQ.
Property profile
VerifiedCap rate & NOI
Current use
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Research Institute
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Health
Location
Value estimations
Owner & transaction history
Zoning & alternative use
velopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · North Wales, PAvelopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
velopment District (TOD) § 208-41 Purpose and applicability. § 208-42 Permitted uses. § 208-43 Dimensional requirements for development. § 208-44 Development design standards. § 208-45 Design review criteria. Article XI…
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