1437 Dekalb StNorristown, PA 19401
17,973 SF, 7% Cap Rate, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- 2019 renovation expanded the building to accommodate Children's Hospital of Philadelphia (CHOP), increasing appointment capacity and service offerings, including behavioral health and social work.
- Children's Hospital of Philadelphia (CHOP), an investment-grade (Aa2: Moody's) tenant, is the #2 ranked and largest pediatric care network nationally, serving over 1.28 million outpatients annually.
- The property is anchored by Jefferson Health (Moody's: A2), a leading healthcare system, following its 2021 merger with Einstein Healthcare Network, which acquired Norristown Family Physicians in 2019.
- Excellent location on Route 202 in Montgomery County, within three miles of Norristown State Hospital, Mercy Suburban Hospital, and Jefferson/Einstein Medical Center.
- Strong local demographics: 26% of the population within one mile is under 18, and 96% are insured, exceeding the national average.
- Prime location 25 minutes north of Philadelphia, in affluent Montgomery County (2nd wealthiest in Pennsylvania), with over 192,000 residents and $137,000 average household income within a five-mile radius.
Property Details for 1437 Dekalb St
- Property type
- Other office properties, Medical offices
- Square Feet
- 17,973 SF
- Year Built/Renovated
- 1991/2019
- Lot Size (sq. ft)
- 65,340 SF
Location Insight
- City
- Norristown
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.1242934
- Longitude
- -75.3329733
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