Roddy Inc., the Bensalem, PA industrial and commercial real estate brokerage firm, announced that it represented Keystone Industrial Properties in leasing approx. 60,720 sq. ft. of its 85,000 sq. ft. multi-tenant facility on 4.15 acres located at 500 State Road, Bensalem, Bucks County, PA.
The modern one-story masonry and steel building is heated and sprinklered throughout and offers ceiling heights from 24’0” to 24’9” clear, twelve (12) tailgate docks, five (5) drive-in doors, 42’ x 30’ column spacing, approximately 8,600 square feet of office space and parking for approximately sixty-two (62) automobiles.
Roddy advised that the term lease calls for an aggregate rental in excess of $1,465,000.
Strategically situated between the Academy Road and Woodhaven Road Interchange of I-95, the property offers convenient access to the Pennsylvania Turnpike (Exit 351/Bensalem) as well as Route 1 and the Betsy Ross Bridge and Tacony–Palmyra Bridge to New Jersey. The property is just twenty (20) minutes from Metropolitan Philadelphia, thirty (30) minutes from Trenton, NJ and ninety (90) minutes from New York.
Betz was founded in 1914 as a family run plumbing and heating supply business. In 2014, Betz celebrated 100 years in business making it one of the oldest Plumbing, Heating Supply companies in the country. In 1996 Betz opened its Lester branch, followed by the opening of its Northeast Philadelphia branch in 2006, providing the company a broader sense of serving other metropolitan areas throughout Philadelphia and South Jersey.
Frank Roddy, president of Roddy Inc. who represented the ownership in the transaction, advised that Roddy Inc. will continue to market the remaining 24,000 sq. ft. of space in the property for lease as well as continuing to offer the property for sale in its entirety under and subject to the Betz Mechanical & Industrial Supply Lease. In addition, a portion of the site is also leased to Omnipoint for the location of a cell tower.