300 Welsh Road
Horsham, PA
300 Welsh Road
Property Overview
Stabilized Office Portfolio - Premier Corner Location
Avison Young is pleased to offer 300 Welsh Road, Buildings 1 & 2 for sale to qualified investors (“Property”, “300 Welsh Road”, or “Portfolio”). The Portfolio consists of two multi-tenant office buildings well located in the Horsham/Willow Grove submarket just 2.5 miles from the Virginia Drive exit of the Pennsylvania Turnpike, and 3.7 miles from the Ambler/Fort Washington Interchange of the Pennsylvania Turnpike. The Property benefits not only from strong visibility and signage, but also from its surrounding retail and food amenities which solidify 300 Welsh Road as an ideal landing spot for medical and office tenants. The ideal location and amenities at 300 Welsh Road have attracted tenants such as Dish Wireless, Sofidel America, and Center for Interventional Pain & Spine.
300 Welsh Road, Buildings 1 & 2, are currently 100% occupied by six tenants, with a combined weighted average lease term of 6.86 years (not including Horsham Executive Suites), offering dependable cash flow to investors. Originally built in 1983, the Portfolio has experienced continued capital investment to maintain its best-in-class status. Within the past eight years, the seller has invested over $3.3 million in tenant fit out and over $1.23 million in base building improvements which equates to minimal capital needs going forward. Building 2 was completely renovated in 2023-2024. The Portfolio is the most visible and accessible site within the Horsham Business Center, with a combined car count of 28,000 vehicles between Welsh Road (Route 63), and Dresher Road.
Availabilities
300 Welsh Road - Building 1
Office
300 Welsh Road - Building 1
Office
- Address: 300 Welsh Road - Bldg 1, Horsham, PA
- Building Type: Office
- Location: Horsham, PA
- Year Built: 1983
- Stories: Two
- Rentable Area: 40,042 square feet
- % Occupied: 100%
- Weighted Average Lease Term: 6.34 Years
- Parking Ratio: 4.15/1,000
300 Welsh Road - Building 2
Office
300 Welsh Road - Building 2
Office
- Address: 300 Welsh Road - Bldg 2, Horsham, PA
- Building Type: Office
- Location: Horsham, PA
- Year Built: 1980
- Stories: One
- Rentable Area: 17,750 square feet
- % Occupied: 100%
- Weighted Average Lease Term: 7.79 Years
- Parking Ratio: 4.15/1,000