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1 Presidential Boulevard

Pep Boys Expands Office Space With 37000 SF Lease At One Presidential Boulevard In Bala Cynwyd
LEASEDOffice

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

Michael Monahan

CBRE

Broker

$260.6M

vol

8 deals

Broker
PB
Pep BoysTenant

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