Roddy Inc., the Bensalem-based industrial and commercial real estate brokerage firm announced that it brokered on behalf of 315 West Street Road, L.P. the sale of the 81,230 sq. ft. multi-tenant facility situated on 5.55 acres located at 315 West Street Road, Warminster, Bucks County, PA.
Frank Roddy, President of Roddy Inc. who handled the sale, advised that the facility was sold for $7,200,000 to Elm Cove, LLC, who will occupy a portion of the facility together with Ameriscend, LLC who will continue to occupy the facility on a long-term basis.
Further, Roddy advised that he recently brokered the Ameriscend lease, which lease calls for an aggregate rental in excess of $2,750,000.
The fully heated and sprinklered facility offers eight (8) tailgate loading docks, one (1) drive-in door, ceiling heights of 12’0”-21’6” clear, 800 amp electric service and parking for ±120 automobiles.
Strategically situated on Street Road, the property offers convenient access to Exit 352 (Bensalem/Street Rd Interchange) and Exit 343 (Willow Grove/PA 611 Interchange) of the Pennsylvania Turnpike, Route 1, Route 611, Route 263, Route 309, Interstate 95, and the bridges to New Jersey. The property is just thirty-five (35) minutes from Metropolitan Philadelphia, thirty (30) minutes from Trenton, NJ and ninety (90) minutes from New York.
About Elm Cove LLC
Elm Cove LLC is a distributor of premium office and home accessory products, bringing directly to customers beautifully designed pieces at prices that make sense.
Ameriscend is a packaging-focused family of companies comprised of HPT Pharma, Automotion Technologies, Elmark Packaging, and AmeriPak. Located in the Northeastern U.S., Ameriscend offers a variety of services, parts, and equipment to support packaging, labeling, and coding/marking solutions. Although its markets are varied spanning pharmaceutical, food, and consumer goods, Ameriscend delivers personalized service with a hands-on approach.