Unit Multi-Tenant Medical Office Building Anchored by Children's Hospital of Philadelphia
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Available on
December 15, 2023
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Time on Market
5 months
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Last updated
Dec 14, 2023
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Space ID
2153916
Property Details
• The building was expanded and renovated in 2019 to accommodate CHOP. After being in the building across the street for 20+ years, the relocation allowed CHOP to expand the number of appointments as well as extend the services being offered, including behavioral health and social work.. • The Children’s Hospital of Philadelphia (CHOP) is an investment-grade rated (Aa2: Moody’s) tenant and the #2 ranked and largest pediatric care network in the country. The 19-center, 567-bed, pediatric health system serves more than 1.28 million outpatients annually in the tri-state area.. • Norristown Family Physicians ("NFP"), was acquired by Einstein Healthcare Network in 2019. Jefferson Health (Moody's: A2) successfully merged with Einstein Healthcare Network in October, 2021. Jefferson Healthcare is a multi-state non-profit health system which includes 14 hospitals, 2,851 licensed beds, 3,700 physicians and practitioners and 7,200 nurses. Additionally it's ranked #3 by U.S. News for Best Hospitals in Pennsylvania.. • Located along Dekalb Street (Route 202), a main thoroughfare in Montgomery County (9,608 VPD), the Property is less than three miles from the Norristown State Hospital (375-beds), Mercy Suburban Hospital (126-beds) and the Jefferson/Einstein Medical Center (96-beds).. • In addition to the strong local demographics, over twenty-six (26%) of the population within one mile is under the age of 18. Additionally, the population is 96% insured, higher than the nation average of 91.9%.. • Just twenty-five (25) minutes north of Philadelphia, the medical office building is located within the densely populated and affluent Montgomery County, which is the 2nd wealthiest county in the State of Pennsylvania. There are over 192,000 residents within five miles of the property with an average household income of $137,000.
- Property TypeOffice
- Year Built1991
- Total Building Size17,973RSF
- Total Available17,973RSF
- Last updatedDec 15, 2023
- Property ID2231646