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629 Pike Springs Rd, Pheonixville, PA, 19460

US LBM
$1,774,000

Key Information

Cap Rate
5.5%
$ per SF
$147
Tot. SF
12,000
Year Built
1966/R 2019
Term Remaining
±2.5 Yrs
Type
Industrial

Highlights

Rare Low-Coverage Industrial Asset with Substantial Outdoor Storage:

±12,000 SF industrial facility situated on ±4.0 acres, reflecting a low site coverage ratio of 6.89%—an exceptionally scarce configuration within the Philadelphia MSA. The expansive yard area supports a range of outdoor-intensive operations such as building materials distribution, while also offering significant flexibility for truck circulation, inventory management, and future expansion or redevelopment.

Compelling Rental Upside with Long-Term Hold Appeal:

In-place rent is currently more than 70% below prevailing market rates, presenting a strong value-add opportunity. Located in a supply-constrained submarket with high barriers to new development, the asset combines near-term income growth potential with durable long-term value rooted in underlying land scarcity.

Strong Corporate Guarantee with Institutional Sponsorship:

Fully leased to US LBM, a national building materials distributor operating 460+ locations across the U.S. The tenant is backed by Bain Capital and Platinum Equity and reported approximately $8.2 billion in revenue in 2024. This corporate-backed lease structure provides investors with stable, long-term cash flow and minimized credit risk.

Photos

Location

Agents

Financing Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203