Velocity Ventures Repositions and Sells Asset for 4.1 MM in Quakertown
Quakertown, Pennsylvania, Dec 2019 – The Flynn Company is pleased to announce the sale of 590 California Road in Quakertown, Pa on behalf of Velocity Ventures for $4.1 MM on Dec 13, 2019. The Flynn Company represented Velocity Ventures in the acquisition of the asset, which consists of a 45,000 SF and 11,500 SF industrial building on one tax parcel, in the second quarter of this year for $2.55 MM. Velocity repositioned the asset through new landscaping, roof work, interior and exterior painting, parking lot work and various other projects that brought the buildings and property into first-class positions. The buyer is a user that will occupy the entire property as warehousing, office and showroom.
Please contact Mike Borski, Jr., SIOR (firstname.lastname@example.org), Kevin Flynn, Jr. (email@example.com) or Mark Pawlowski (firstname.lastname@example.org) at The Flynn Company for more information on this listing.
About The Flynn Company
Serving the Greater Philadelphia region since 1980, The Flynn Company engages in all phases of commercial real estate. As one of the largest full-service real estate companies in the region, the firm offers clients a wide range of in-house capabilities including sales, leasing, accounting and property management, space design, construction and advisory services. The Flynn Company is consistently ranked as one of the largest family-owned and veteran-owned companies in the Philadelphia region.