105 Floral Vale Blvd, Morrisville, PA 19067
5,189 SF | Office Building | Morrisville, PA 19067 | $1,525,000 ($294/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,525,000
- Property Type
-
Office
- Square Feet
- 5,189 SF
- Price / Square Foot
- $294
Listing Contacts
Jesse Dubrow
Verified Profile
- Property Info
Property Overview
MSC is proud to present an exclusive investment opportunity: the acquisition of the
single-tenant Harmony Bay medical property in Yardley, PA. Strategically positioned
at 105 Floral Vale Drive within the esteemed Floral Vale Medical Park, this property
is a cornerstone of the Advantage Behavioral Health Network (ABHN), boasting a
nationwide presence of over 20 locations.
Harmony Bay's commitment to excellence is evident through its substantial investment
of over $500,000 in interior fit-outs upon signing a lease in 2021. Notably, the tenant
assumes responsibility for condo association fees, thereby reducing landlord obligations
to only taxes and roof/structure maintenance.
Benefiting from its prime location between I-295 (62,162 VPD) and Township Line
Road (10,341 VPD), the property offers unparalleled access and proximity to Yardley's
prestigious healthcare institutions, including Jefferson Bucks County Hospital and
St. Mary’s Medical Center. Yardley, an affluent suburb with a 50,000 population
within a 3-mile radius, boasts an impressive average household income of $205,000,
complemented by thriving education and retail sectors.
With its strategic location, valued tenant, and promising market fundamentals, the
Harmony Bay medical property in Yardley, PA, presents an exceptional investment
opportunity in the healthcare real estate sector, offering potentially robust returns and
enduring value appreciation.
single-tenant Harmony Bay medical property in Yardley, PA. Strategically positioned
at 105 Floral Vale Drive within the esteemed Floral Vale Medical Park, this property
is a cornerstone of the Advantage Behavioral Health Network (ABHN), boasting a
nationwide presence of over 20 locations.
Harmony Bay's commitment to excellence is evident through its substantial investment
of over $500,000 in interior fit-outs upon signing a lease in 2021. Notably, the tenant
assumes responsibility for condo association fees, thereby reducing landlord obligations
to only taxes and roof/structure maintenance.
Benefiting from its prime location between I-295 (62,162 VPD) and Township Line
Road (10,341 VPD), the property offers unparalleled access and proximity to Yardley's
prestigious healthcare institutions, including Jefferson Bucks County Hospital and
St. Mary’s Medical Center. Yardley, an affluent suburb with a 50,000 population
within a 3-mile radius, boasts an impressive average household income of $205,000,
complemented by thriving education and retail sectors.
With its strategic location, valued tenant, and promising market fundamentals, the
Harmony Bay medical property in Yardley, PA, presents an exceptional investment
opportunity in the healthcare real estate sector, offering potentially robust returns and
enduring value appreciation.
Property Details
- Class
- B
- Year Built/Renovated
- 2000/2022
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 5,663 SF
Highlights
- Single tenant, freestanding Harmony Bay outpatient facility located in Floral Vale Medical Park which sits in the highly desired Yardley, Pennsylvania
- Minimal Landlord responsibilities - landlord is responsible for taxes and upkeep of the roof/structure. Tenant and condo association are responsible f
- Harmony Bay is an outpatient behavioral health facility that is corporately owned and run by Advantage Behavioral Health Network, a nationwide health
- Tenant invested over $500,000 of their own capital into the fit out of the building in the last few years
- The property is situated between route 295 (62,162 VPD) and Township Line Road (10,341 VPD) which conveniently connects Yardley to Jefferson Bucks Hos
- Affluent market with an average household income of $205,000 and a population of 50,000 residents in a 3-mile radius of the property
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