March 2016
BUILD TO SUIT: A THREE STEP PROCESS 1
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AM Drive
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AM Drive
Gorski Project Photos by Nick Adams
The Build to Suit choice has become an option for many companies looking to expand and grow. With a tight and limited inventory of Flex Industrial buildings available for sale in the 10k to 100k SF range, Industrial Land has become hot! The three steps are as follows: locate a piece of ground, check the zoning receive the township approvals and build. This process is known as a design Build to Suit. Step 1: Search and find suitable land zoned appropriately for your intended use. A rule to follow 1 acre of buildable land yields 10,000 SF of building. Once the site is identified and the price negotiated the parcel goes under contract with an agreement of sale. Once under contract you will have up to 9 months to complete your due diligence on the property: environmental and geological study of the site, apply for township approvals to build the facility, secure financing and finalize architectural plans to start the construction process. Step 2: Close on the land parcel and engage the engineering development company selected to build and complete your project. Prior to closing you will have arranged financing with your lender and received township approvals for the project. Should you require additional time to complete your due diligence and receive the necessary approvals for the project an extension period of 30 to 60 days can be agreed upon between the Seller and Buyer.
Step 3: This is the exciting part; construction of your new facility begins. The construction project can take between 4 to 6 months to complete depending on when a shovel is put in the ground. Ideally starting to move dirt in early spring into late fall is preferred. Weekly project updates during and up to completion of the construction process from your contractor is recommended. Receiving the keys to your new facility, moving in your staff and equipment and putting up your company sign is the final touch. These three steps are a brief overview of the Build to Suit process. There are many details within each step, working with a team helps keep the project within the budget and on time.
Nick Adams nadams@jacksoncross.com 610-265-7700 ext. 130
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE
E. Pumping Station Road, Bucks County PA
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Build to Suit Sale or Lease In Quakertown
20,000 SF to 150,000 SF Build to Suit Custom Design Build Sprinklered facility Specialty uses: Food, Beverage, Pharmaceutical, Assembly, Manufacturing, Distribution
Property Flyer
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FOR SALE
Providence Business Park at Egypt Road, Oaks PA
Flex Office / Industrial Great access to Route 422
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Available 8 to 55 Acres Zoned M-1: Office and Limited Industrial 10,000 SF to 150,000 SF Build to Suit Sale / Lease All Public Utilities Minutes to Routes 422, 202 ,76 and 276
Property Flyer
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FOR SALE
Quakertown, PA Off Exit 44 of I-476
2 Sites Left Planned Industrial Development Sites At the Quakertown Interchange ■ ■
Lot #1 - 33 Acres Lot #4 - 9.5 Acres
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BTS from 100,000 to 250,000 SF Zoned PI - Planned Industrial Public water & sewer PPL Electric Lot #2 - Under agreement Lot #3 - Sold
Property Flyer #1 Property Flyer #4
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE
205 Schoolhouse Road, Souderton PA
Industrial Land +/- 23 acres Many amenities close by: restaurants, retail, banking and hotels
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Three land parcels: 6, 7 & 10 acre sites Zoned Limited Industrial in Franconia Twp. Within 5 miles of the Lansdale Interchange of the PA Turnpike - Exit 31 - 476 Northeast Ext. Minutes to Route 63, 113 and 309
Property Flyer
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FOR SALE
3187 Phoenixville Pike, Malvern PA
Development Site
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+/- 9.3 Acres
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Zoned: I/B/O Industrial/Business/Office Route 29, PA Turnpike Slip Ramp, Atwater and Great Valley Corporate Center within 1.5 miles
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$700,000
Property Flyer
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FOR SALE
357 Industrial Highway, Pottstown PA
Flex Industrial Facility
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23,500 SF standalone building Production and office space 1.5 Acres Zoned Flex Office All public utilities 25 parking spaces Minutes to Route 422
Property Flyer
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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FOR SALE
103 S Main Street, Quakertown PA
Quakertown Landmark
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*The property has a non-conforming zoning use of light industrial. Permitted uses include light manufacturing and residential.
Property Flyer
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Classic three story brick building 24,000 SF / +/- 8,000 SF each floor Zoned MR - Medium Density Residential* Great street visibility with many amenities close by: restaurants, banks, St. Luke’s Hospital and Quakertown Asking $650,000
FOR SALE
210 Industrial Park Road, Elysburg PA
SOLD Warehouse Distribution Facility
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264,000 SF Warehouse / Distribution facility
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7,680 SF of office space
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Convenient access to: Interstate 80 - 81 - 78
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APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
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805 W 5th Street, Lansdale PA
FOR LEASE
Industrial / Flex Space
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5,000 to 15,000 SF of flex industrial space available with flexible lease terms. Office space built to your specifications. Tail gate / drive in loading doors. Located in Lansdale Borough near Rtes. 63, 202, 309 & I-476. .
Property Flyer
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FOR LEASE
777 Schwab Road, Hatfield PA Flex Air Conditioned Space
Property Flyer
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16,500 SF fully air conditioned space 3 phase power / 600 amps 3 tailgate loading docks 20’ clear height PPL Electric / PECO Gas North Penn Water / Hatfield Sewer 6 miles to the Lansdale Interchange of the NE Extension $9.00 SF / NNN
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APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.
Locations
FOR SALE 1. E. Pumping Station Road, Bucks County PA* 2. Providence Business Park at Egypt Road* 3. Quakertown, PA Off Exit 44 of I-476* Property Flyer #1 / Property Flyer #4 4. 205 Schoolhouse Road, Souderton PA* 5. 3187 Phoenixville Pike, Malvern PA* 6. 357 Industrial Highway, Pottstown PA* 7. 103 S. Main Street, Quakertown, PA* 8. 210 Industrial Park Rd., Elysburg, PA* (sold) FOR LEASE 1. 805 W 5th Street, Lansdale PA* 2. 777 Schwab Road, Hatfield PA* *Click to view property flyer
APPLIED KNOWLEDGE IN REAL ESTATE Jackson Cross Partners • 1010 W. Ninth Ave. • King of Prussia, PA 19406 • www.JacksonCross.com Nick Adams | nadams@jacksoncross.com | 610-265-7700 ext 130 Information concerning these offers is from sources deemed reliable, but no warranty is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price or other conditions, prior sale or lease withdraw without notice. Jackson Cross Partners, any cooperating broker, and any sales person working with either, are representing the owner’s interest and have fiduciary responsibilities to the owner, but are obligated to treat all parties fairly. Property listings held by brokerages other than Jackson Cross Partners, LLC may be included herein.