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BRANDYWINE CORPORATE CENTER
Rare opportunity to acquire a well leased Class A office building, with additional value-add upside

  • Strong Local Demographics: Population density is high with over 13,104 residents with in one mile and 66,484 within three miles. Median Household Income is $56,174 within one mile and $67,531 within 3 miles.
     
  • Transit Oriented Location: Located on Route 92, Naamans Road, in Claymont, Delaware, the Property is located just off I-95, at Exit 6. The property is also located less than two miles from I-495. In addition, the Property is located next door to the Crown Plaza Wilmington North Hotel, and across the street from a large shopping center.
     
  • Lowest Vacancy Submarket: The North Wilmington Submarket is one of the best performing submarkets in New Castle County. North Wilmington has significantly lower vacancy than the rest of the market, at 9.3%. North Wilmington also has some of the highest asking rents in the market. The total average asking rent for North Wilmington is $25.14/SF, compared to $24.81 for the office market as a whole.
     
  • Strong Credit Tenancy: The Property has two full floor tenants, Social Finance (SoFi) and CD Diagnostics.
     
    • Social Finance, commonly known as SoFi, is an online personal finance company that provides student loan refinancing. SoFi’s loan programs all have AAA ratings from Moody’s.
       
    • CD Diagnostics focuses on providing physicians with analytical tools to make informed decisions and improve patient outcomes. CD Diagnostics’ Parent Company, Zimmer Biomet, has a Moody’s rating of BB3 with a Stable Outlook.
       
  • Value Add Upside: Investors have the opportunity to create value by leasing up the remaining 12,000 SF of vacancy.


THE OFFERING

NKF Capital Markets has been exclusively retained to sell Brandywine Corporate Center, 650 Naamans Rd, a 76,551 square foot Class A office building located in one of New Castle County’s most desirable locations. The Property is 86% leased to a well-diversified rent roll with a value add upside.

Located on Delaware Route 92, Naamans Road, in Claymont, Delaware, the Property benefits from exceptional access to major highways such as I-95 and I-495, which are approximately a half mile and two miles away, respectfully. The Property is also surrounded by a great abundance of retail and entertainment amenities.

Brandywine Corporate Center’s two largest tenants are Social Finance (SoFi) and CD Diagnostics. Both tenants occupy full floors in the building. The building’s largest tenant, Social Finance, has lease term until September of 2024.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Brandywine Corporate Center

650 Naamans Road, Claymont, DE 19703

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Current Bid:
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Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 76,551 Sq Ft
  • Land Area
  • 3.80 Acres
  • Year Built
  • 1990
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Parking Count
  • 292
  • Occupancy
  • 86.00%
  • Occupancy as of
  • Sep 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. J. David Villabona

      c/o Fisher Auction Company Inc.

      License: #200402576