1901 W Courtland St - Manufacturing FOR SALE


Philadelphia, PA 19140- Logan-Ogontz-Fern Rock
$1,750,000 USD
215-350-3488
1901 W Courtland St, Philadelphia, PA for Sale
$1,750,000 USD
Manufacturing - FOR SALE
1/25
null | 8.91% Cap Rate

1901 W Courtland St
Philadelphia, PA 19140
Logan-Ogontz-Fern Rock


HIGHLIGHTS

  • The property features a 16,000 sq.ft. industrial building divided into 22 flexible tenant spaces ranging from 400 to 1,000 sq.ft.
  • Since acquisition in 2022, approximately $80,000 has been invested in property improvements, enhancing functionality and aesthetics.
  • The building is fully occupied with a diverse tenant mix, including car detailing, car wrapping, tire recycling, and tool storage.
  • Proprietary management software allows for efficient tenant management and remote leasing.
  • Each unit and the building feature keyless entry, providing secure and convenient access for tenants.
  • Located at 1901 West Courtland Street in Philadelphia, PA, the property is situated in a well-connected area conducive to industrial operations.

OVERVIEW

As the Exclusive Agent for the Seller, Delphi Property Group, LLC is please to bring to your attention the availability of 1901 West Courtland Street, Philadelphia, PA 19140. This 17,460 square foot property is improved with an industrial building of approximately 16,000 square feet. The building has been partitioned into 22 tenant spaces ranging in size from 400 to 1,000 sf. Partitions were created with wood wall and metal gates and the building, as well as each unit, is accessible via keyless entry. Since its acquisition in 2022, the seller has made significant improvements the the building and its infrastructure. The building is fully leased and the ownership has developed a proprietary management software that allows prospective tenants to view vacant units and sign agreements without meeting a repressive of the ownership onsite. As a result, ownership significantly reduced their management and overhead costs. Tenants sign E documents similar to typical self storage contracts and can terminate their agreements at any time notably, billing is every four weeks instead of monthly, therefore there are 13 billing periods instead of 12. Tenants are comprised of a mix of light industrial businesses including car detailing, car wrapping, tire recycling, tool storage, cabinet makers and more. Please reach out for more information on the income and expense items.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

8.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

UTILITIES

-

CLEAR CEILING HT

15 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4

LAND SF

17,424

ZONING

I2

APN/PARCEL ID

884342380

ASK ABOUT THIS PROPERTY

Jamie WeinerDelphi Property Group, LLC.More Info
215-350-3488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jamie WeinerDelphi Property Group, LLC.More Info
215-350-3488

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.