2801 Grant Ave - Office FOR SALE
Philadelphia, PA 19114 |
2801 Grant Ave
Philadelphia, PA 19114
HIGHLIGHTS
- Generates over 140bps of positive unlevered yield growth and over 400bps of positive levered yield growth over the base term of the leases.
- CFA has never missed a rental payment; Fusion Gyms has been paying full rent since February 2021 and has worked out a payment plan for COVID arrears.
- Heavy tenant and landlord investment, low rents PSF, 7+ acres of land in an urban setting, exceptional demographics and a highly-visible location.
- Each tenant’s lease is a true-NNN structure with all taxes, insurance and common area maintenance expenses reimbursed.
- The Center for Autism was recently acquired by Public Health Management Corp., strengthening its credit.
- The subject property is in a densely populated and growing, infill section of Philadelphia (195,930 people within 3 miles).
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Fusion Gyms | Center for Autism
PROPERTY TYPE
Office
ADD'L SUBTYPES
Storefront, Light Distribution
TOTAL BUILDING SIZE
30865
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
147
LAND DETAILS
LAND ACRES
7.37 AC AC
LAND SF
321,037 SF
ZONING
-
APN/PARCEL ID
882972025
