Longstreth Sporting Goods
25,000 SF | Flex Building | Spring City, PA 19475 | $2,030,770 ($81/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,030,770
- Property Type
-
Industrial
- Price / Square Foot
- $81
Listing Contacts
Margaret Caldwell
Verified Profile
- Property Info
Property Overview
Longstreth's revitalized facility features a unique, 5K SF retail experience for customers as well as approximately 16K SF of warehouse space and 4K SF of office space. In addition, new LED lighting was recently installed throughout the building and the HVAC system in the office space was significantly upgraded.
Since 1977, Longstreth has supported the development of female athletes across field hockey, lacrosse, and fastpitch softball by offering an extensive line of equipment, stick packages, goalie gear, performance wear, apparel, and accessories. In February 2021, Longstreth strengthened its position as the nation's #1 supplier of field hockey products with the acquisition of CranBarry, Inc., the leading wholesale distributor to a strong collection of retailers from Dick's Sporting Goods to independent specialty shops.
The Property is ideally positioned next to the WC Eagles Field Hockey Club and Training Facility. Built in 2009, the Training Center is the first and only field hockey specific facility in the country and features three (3) indoor courts and the Joe Neuber Field - an outdoor stadium with state-of-the-art TigerTurf playing surface.
Field hockey is most popular in the Mid-Atlantic and Northeast regions of the U.S. but is growing in interest at the youth and high school levels across the country. In particular, Pennsylvania and New Jersey are considered to have the best field hockey programs in the U.S., with Pennsylvania serving as the headquarters for the USA Field Hockey Team from 2013-2020. Furthermore, approximately 266 schools compete in field hockey in Chester County alone, with more than 114,490 female athletes (Source: PIAA).
Since 1977, Longstreth has supported the development of female athletes across field hockey, lacrosse, and fastpitch softball by offering an extensive line of equipment, stick packages, goalie gear, performance wear, apparel, and accessories. In February 2021, Longstreth strengthened its position as the nation's #1 supplier of field hockey products with the acquisition of CranBarry, Inc., the leading wholesale distributor to a strong collection of retailers from Dick's Sporting Goods to independent specialty shops.
The Property is ideally positioned next to the WC Eagles Field Hockey Club and Training Facility. Built in 2009, the Training Center is the first and only field hockey specific facility in the country and features three (3) indoor courts and the Joe Neuber Field - an outdoor stadium with state-of-the-art TigerTurf playing surface.
Field hockey is most popular in the Mid-Atlantic and Northeast regions of the U.S. but is growing in interest at the youth and high school levels across the country. In particular, Pennsylvania and New Jersey are considered to have the best field hockey programs in the U.S., with Pennsylvania serving as the headquarters for the USA Field Hockey Team from 2013-2020. Furthermore, approximately 266 schools compete in field hockey in Chester County alone, with more than 114,490 female athletes (Source: PIAA).
Property Details
- Class
- B
- Year Built/Renovated
- 1996/2000
- Stories
- 1
- Property Subtype
- Flex
- Lot Size (sq. ft)
- 126,324 SF
Highlights
- Largest Domestic Supplier of Field Hockey Equipment in the U.S.
- Rare Dual Use Warehouse & Retail Facility
- Adjacent to Premier Field Hockey Club & Training Center
- Centralized Customer Base in Top Region for Field Hockey
- Significant Population Growth in Philadelphia Suburb
- Prime Location Near Main Industrial & Medical Hub - 291K+ Labor Force Population
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