A private investor acquired the newly-constructed retail bank branch at 1599 W. Chester Pike in West Cheter, PA from Pintzuk Brown Realty and Pineville Station West Chester, Inc. for $4.06 million, or about $1,000 per square foot.
The single-story, 4,020-square-foot retail property was built in 2014 on 1.6 acres in the West Chester submarket of Chester County. The asset is fully occupied by PNC Bank, holding a 20-year, triple-net ground lease on the property. PNC invested heavily in this location, a relo for an existing branch with $95 million in deposits. It is LEED certified and features a triple drive-thru in affluent West Goshen Township.
www.omegare.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.