610 Louis Dr, Warminster, PA 18974

11,364 SF | Office Building | Warminster, PA 18974 | $2,100,000 ($185/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,100,000

Property Type
Office
Square Feet
11,364 SF
Price / Square Foot
$185

Listing Contacts

Mark Orehowsky
Mark Orehowsky
Verified Profile
  • Property Info

Property Overview

610 Louis Drive offers a unique opportunity to own two contiguous medical/office condos within the Warminster Atrium Complex, a development hosting various small medical and professional offices, in Bucks County, Pennsylvania. This two-story, 10,000-square-foot standalone property boasts favorable window lines that allow abundant natural light, as well as LVT and sheet vinyl flooring with welded seams in labs and procedure rooms. The property features an interior elevator, an IT room, all-new LED lighting, ADA-compliant staff and patient restrooms, and ample parking just steps from the entrance. 610 Louis Drive is incredibly secure, with high-definition exterior surveillance cameras and an alarm system.

Each condo is about 5,000 square feet in size and has its own separate parcel number. This offering is ideal for hospitals seeking satellite space for surgical rooms, labs, urgent care locations, off-site medical offices, and more. It is also suitable for other medical/office uses, such as MRI centers and outpatient testing, and locations for entities such as Lab Corp, Quest, Patient First, Jefferson Urgent Care, and Temple Ready Care.

The second-floor condo provides an extensive medical build-out, welcomed by a highly secure reception area with ballistic-rated doors and walls to UL level 3. It comprises a complete surgical center featuring two surgical rooms, two procedure rooms, two exam rooms, and a recovery room. This exquisite condo also has one clean lab, one dirty lab, one phlebotomy lab, and one biohazard room. Multiple consultation rooms and restrooms can be found on this floor, along with a nursing station, kitchen/break room, and locker room.

The ground-level condo offers dynamic office space, including an executive suite with a private conference room and a side office for support staff. Several additional private offices are present, along with a large training room with video equipment, a large cubical office area, a private reception room, and a bullpen office area.

Investors will benefit from the recent $850,000 in capital improvements, an easily accessible and highly visible location, and strong surrounding demographics. Bucks County has a highly educated workforce and an average household income surpassing $120,000. These prosperous demographics, combined with the area's strategic location minutes from Philadelphia and also midway between New York City and Washington, DC, support a thriving local market. Several growing healthcare providers and research firms call this area home, such as Capital Health, Amplity Health, and Syneous Health, and they make up a significant share of the region's tenant base, further providing desirable medical practice synergy.

610 Louis Drive is primed to offer an ideal investment or owner/user opportunity.

Property Details

Class
B
Year Built/Renovated
1995/2019
Stories
2
Property Subtype
Medical
Lot Size (sq. ft)
42,253 SF

Highlights

  • Acquire two full-floor medical/office condos in a standalone building with abundant on-site parking and a recent building remodel.
  • Fully equipped property featuring ADA-compliant staff and patient restrooms, an IT room, and high-definition exterior surveillance cameras.
  • First-floor condo: Office-heavy build-out with private offices, an executive suite, bullpen office area, large cubicle area, reception, and more.
  • Second-floor condo: 2 surgical rooms, 2 procedure rooms, 2 exam rooms, a recovery room, clean lab, dirty lab, phlebotomy lab, and a biohazard room.
  • Perfect location for a satellite surgical space, labs, urgent care locations, off-site medical offices, MRI centers, and outpatient testing.
  • Prime location near several hospitals, such as Abington Memorial, Holy Redeemer Hospital and Medical Center, and Rothman Orthopaedic Specialty.

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