- Property size 7.73 ac
150 Monument Road - office for sale
150 Monument Road (the “Property” or the “Offering”), a 132,986 square foot, recently renovated and well-maintained Class A office building, located in Bala Cynwyd, a dynamic “live, work, play” location where “close-in” proximity blurs the line between Philadelphia’s CBD and its affluent suburbs by way of multi-modal access and vibrant amenities.
150 Monument Road is located in one of Philadelphia’s strongest performing submarkets as evidenced by its 90% occupancy rate and one of only three (3) suburban submarkets with asking rents eclipsing $30.00 PSF. The property recently received $6MM in aesthetic capital improvements, including a new 4-story structured parking garage, and updated lobbies, bathrooms and common areas.
Current tenancy at the Property, creates the ideal balance of stability from large investment grade tenancy, such as University of Pennsylvania Health Systems (Moody’s: Aa3) and RLI Insurance (Moody’s: A2), and diversification from an array of smaller, dedicated, regional users. Furthermore, current tenancy is committed to the property with over 50% having occupied space at the property for over five (5) years and 35% for over ten (10) years, proving dedication to the Property and location.