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601 Allendale Road

Off-Market

601 Allendale Road, King Of Prussia, PA 19406

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  • Property Type Industrial
  • Property Size 639,052 Sqft
  • Lot Size 45 Acre
  • Parking Spaces Avail. 702
  • Parking Ratio 1.10/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1961

Location

  • City King of Prussia, PA
  • Neighborhood Cannon Run
  • Zip Code 19406
  • Market Philadelphia

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 22 Mar, 2016
  • Purchase Price $38,000,000
  • Arm's Length
  • Buyer Name

Market Trends

Average Actual Rents in King of Prussia

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in King of Prussia Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $33.61
  • 2020 Office Vacancy Rate 23.58 %
  • 2020 Office Completions (Sqft)
View more King of Prussia market trends

Tax

  • Property Tax in 2021-2022 $417,660
  • Market Value $15,148,000
  • Assessed Value $15,148,000

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 601 Allendale Road?

601 Allendale Road totals 639,052 square feet.

When was this property built?

601 Allendale Road was built in 1961.

When was 601 Allendale Road last sold?

601 Allendale Road was last sold on 22 Mar, 2016.

What was the last purchase price for 601 Allendale Road?

601 Allendale Road was last sold for $38,000,000.

What is the property tax for 601 Allendale Road?

The property tax for 601 Allendale Road in 2021-2022 was $417,660.

What is the market value for 601 Allendale Road?

The market value for 601 Allendale Road in 2021-2022 was $15,148,000.

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