Greysteel, a national commercial real estate investment services firm, has arranged the sale of Glenside Terrace, a mixed-use property in Glenside, PA, on behalf of Wexford Property Management for $3.6 million.

This transaction was arranged by Greysteel President, Ari Firoozabadi, and Senior Investment Associate, Caleb Brown, who are based in the Company’s Washington, D.C. and Philadelphia, PA offices, respectively.

Glenside Terrace, built in 1966, totals 35 residential units and 2,800 square feet of retail space housing a Subway and Philly Pretzel Factory. Located at 501 Edge Hill Road, the property is in close proximity to major employers, schools, and retail centers in Montgomery County and Philadelphia. The property is across the street from SEPTA’s Ardsley Regional Rail Station on the Warminster Line, providing residents with easy access to Center City and University City.

“Greysteel highlighted the value-add opportunity and excellent location of the property to make a market for the deal and procure an investor who recognized the upside potential of the asset,” said Mr. Brown. “

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.