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500 N Gulph Rd King of Prus...

Updated Nov 17, 2023

UGI Corp. Relocates Headquarters To Office Building In King Of Prussia, Pennsylvania
LEASEDOffice

UGI Corp. Relocates Headquarters To Office Building In King Of Prussia, Pennsylvania

500 N Gulph Rd King of Prussia, PA 19406, USA

$44

$44/SF

Building Size

100,820 SF

Asset Type

Office

Closing

May 9, 2023

About this deal

AI

UGI Corp. is relocating its corporate headquarters to a 100,820-square-foot office building at 500 North Gulph Road in King of Prussia, Pennsylvania. Previously, UGI occupied a 97,920-square-foot space at 460 North Gulph. The new building, owned by Brandywine Realty Trust, will be fully leased to biopharmaceutical company CSL Behring, which will sublease its space to UGI.

Summary of transaction details

  • Property Type: Office
  • Tenant: UGI Corp.
  • Landlord: CSL Behring (subleasing from Brandywine Realty Trust)
  • Address: 500 North Gulph Road, King of Prussia, Pennsylvania

UGI Corp.'s relocation of its corporate headquarters to 500 North Gulph Road marks a significant shift in their operations. The move allows them to occupy a larger office space, increasing their capacity to support their operations and potentially drive further growth. CSL Behring, the building's primary tenant, will sublease their space to UGI, indicating a collaborative and mutually beneficial arrangement for both companies involved.

Players

Philadelphia Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $44 per square foot on a published $44 for 100,820 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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