100% OCCUPIED, 4 TENANT MEDICAL STRIP CENTER

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a 100% leased, multi-tenant medical office building (MOB) condominium (the “Property”) in Collegeville, PA, a borough in suburban Philadelphia. The property is positioned along East 2nd Avenue, benefiting from strong frontage and direct visibility to approximately 25,600 VPD. Ideally located between the Redner’s Warehouse Markets anchored Marketplace of Collegeville (0.5 miles to the east) and the Wegman’s anchored Providence Town Center (1.5 miles to the west) the medical office building benefits from an established retail corridor, providing convenience and cross-shopping synergy for their patients & employees, allowing for a stronger demographic draw. The property shares a parking lot with TD Bank to the east and is adjacent to Wawa, Truist Bank, FedEx Shipping and The Malvern School & Child Care Center to the west, all facing E 2nd Avenue.

Over 60% of the building’s square footage is occupied by investment-grade tenants, providing a highly stable and credit-supported cash flow profile. Jefferson University Radiology Associates, affiliated with Jefferson Health (Moody’s: A3), one of the region’s leading integrated healthcare systems, anchors the property. Labcorp (NYSE: LH), 3,000 square feet, boasts an investment grade credit rating of BBB from Standard & Poor’s. The other two tenants, Allergy & Asthma Specialists and Bryn Mawr Dermatology, have a combined ten offices in suburban Philadelphia. All four Tenants are on NNN leases reimbursing for Operating Expenses/CAM and pay reasonable base rents between $21/SF and $24/SF, with a chance for an increase in rent for Bryn Mawr Dental and Jefferson at the beginning of their option periods as both option rents are to be negotiated. All four Tenants have averaged over eleven (11) years operating at this location with Allergy & Asthma Specialists as the longest tenured Tenant having been here for over 15 years.

The population and number of households within 1, 3 and 5 miles have increased from 2010 to 2020, 2020 to 2025 and are projected to continue to increase in 2030. A big part of the rise in demographics is from the proximity to major life sciences headquarters. The property is located less than two miles from The Bridge at Collegeville, a 340-acre Class A corporate campus comprising approximately 1.89 million square feet of office and laboratory space. The campus serves as a key operational site for Pfizer (NYSE: PFE) and a major regional presence for Dow (NYSE: DOW), while nearby is GSK’s (NYSE: GSK) largest U.S. site, a 3,000-employee R&D hub. Additionally, the property is located less than one mile from Ursinus College, a well-established liberal arts institution with approximately 1,370 students and 185 faculty members.