219 E Lehigh Ave - Office FOR SALE


Philadelphia, PA 19125- Fairhill
$5,500,000 USD
267-640-2472
219 E Lehigh Ave, Philadelphia, PA for Sale
$5,500,000 USD
Office - FOR SALE
1/6
null | 7.63% Cap Rate

219 E Lehigh Ave
Philadelphia, PA 19125
Fairhill


HIGHLIGHTS

  • Heavily trafficked corridor
  • 43 year tenancy
  • 2024 NOI projected at $429,896 after CPI increase
  • Federal Qualified Opportunity Zone

OVERVIEW

Occupied by the Pennsylvania State Department of Public Welfare for the last 43 years, this investment opportunity is not one to pass up. Rent is paid as gross + additional rent on psf basis. Additional rent calculated as CPI annually, is scheduled for 5% increases YOY yielding solid rent bumps for years to come.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

7.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

ICMX

APN/PARCEL ID

883379118

ASK ABOUT THIS PROPERTY

Wesley DemingKW CommercialMore Info
267-640-2472

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Wesley DemingKW CommercialMore Info
267-640-2472

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