Roddy Inc. Sells 510 Station Avenue in the Woodhaven Industrial Park, Bensalem, Bucks County, PA for the 3rd Time in 6 Years
Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm representing Endurance Real Estate Group, LLC., sold their modern one-story industrial building of 85,602 square feet located on 3.74 acres at 510 Station Avenue, Woodhaven Industrial Park, Bensalem, Bucks County, PA to SG Bensalem Realty Investments, LLC for $4,050,000. Roddy Inc. originally sold the property in 2001 on behalf of Philbern Associates, LLC to Joseph Di'Egidio, Sr. and subsequently leased the property to Spirit Delivery & Distribution Services, Inc. Subsequent to leasing the property for Mr. Di'Egidio, Roddy sold the property for him to Endurance Real Estate Group in 2003 under and subject to the Lease with Spirit Delivery & Distribution Services, Inc.
The building features 2 crane bays outfitted with 2 and 3-ton bridge cranes. There are 18 tailgate doors and 1 drive-in door, ceiling heights ranging from 17'0”-19'5” clear and parking for approximately 70 automobiles.
The property is strategically located at the intersection of State Road and Station Avenue providing excellent access to I-95, Woodhaven Road, US Route 1 and the Pennsylvania Turnpike. The Street Road and Woodhaven Road exits of I-95 are approximately 1 mile away. Woodhaven Road (PA 63) provides access to US Route 1 and Interchange 351 (Philadelphia Interchange) of the Pennsylvania Turnpike, which is approximately 2 miles away. Travel time to Center City Philadelphia is approximately 20 minutes and New York City is approximately 90 minutes.
S&G Bensalem Realty Investment, LLC is a private investment real estate holding company closely related to Spirit Delivery and Distribution Services, Inc. S&G will continue to lease a portion of the building to its operating company, Spirit Delivery and Distribution Services, Inc., who will utilize approximately 50,000 square feet of the facility for distribution of Home Depot's household appliances to the consumer. Roddy Inc. will be marketing for lease the remaining 35,000 square foot portion of the facility which will offer 4 tailgate loading docks, 1 drive in door, 17'0”-19'5” clear ceiling height, 2 and 3 ton crane service and approximately 3,000 square feet of offices.