Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1976
Building Area
Occupancy 86.0 %
Last Updated Date 12 Mar 2020

Property Description

Currently 78% leased to a mix of creative and prototypical office tenants, the King of Prussia Business Center features a diversified rent roll and a balanced lease expiration schedule with a weighted average lease term of 4.1 years. Current ownership has maintained institutional-level quality buildings and has executed over 52,000 square feet of new leasing activity in the last 12 months. The Portfolio offers qualified investors the value-add opportunity to acquire an office campus that provides strong in-place cash flow with the potential of additional upside through the lease-up of existing vacancy and the execution of modernization and amenitization programs aimed to position the Portfolio as one of the region’s premier creative office parks.

Investment Highlights

Jones Lang LaSalle Americas, Inc (“JLL”), has been retained on an exclusive basis to arrange the sale of the King of Prussia Business Center (the “Portfolio” or the “Offering”), a portfolio of fourteen, single and multi-story office buildings totaling 181,153 square feet that are located on 14.32 acres in King of Prussia, Pennsylvania, one of Philadelphia’s premier live-work-play environments.
Brett Segal
Brett Segal
Managing Director, Capital Markets
License details
PA-RS322575
Doug Rodio
Doug Rodio
Senior Managing Director, Capital Markets
License details
NJ-RS296680 PA-0458708

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