Pep Boys Expands Office Space With 37000 SF Lease At One Presidential Boulevard In Bala Cynwyd
1 Presidential Boulevard
Building Size
37,000 SF
Asset Type
Office
Closing
Apr 1, 2026
AI
The property involved in this transaction is an office asset located at 1 Presidential Boulevard, Bala Cynwyd, PA. The total square footage of the asset is 37,000 SF, and it is part of a larger building that consists of 133,115 SF. The transaction pertains to a lease agreement executed on April 1, 2026.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1 Presidential Boulevard
- Market: Bala Cynwyd, PA
- Tenant: Pep Boys
- Brokers: Michael Monahan & Brian Smyth - CBRE
Pep Boys has expanded its presence by signing a lease to occupy 37,000 SF in the property, which increases its overall footprint in the building to over 70,000 SF. The representatives for Pep Boys in this lease agreement were Michael Monahan and Brian Smyth from CBRE, while the identity of the landlord remains undisclosed.
Players
Bala Cynwyd Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93