Mercy Wellness Center 2821 Island Ave
43,800 SF 76% Leased Office Building Philadelphia, PA 19153 $6,950,000 ($159/SF)
INVESTMENT HIGHLIGHTS
- Trinity Health Hospital System as anchor tenant.
- 77% physical occupancy with lease structure as gross and modified gross.
- Philadelphia City recently upgraded to A+ credit rating.
- Value Add Opportunity to blend and extend current leases.
- Centered in growing metropolitan area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
43,800 SF
Building Class
C
Year Built
1995
Price
$6,950,000
Price Per SF
$159
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,900 SF
Slab To Slab
10’
Building FAR
0.29
Lot Size
3.44 AC
Zoning
RSA3 - Multi use
Parking
300 Spaces (6.85 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 102 | 2,332 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 104 | 737 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 2,262 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 204 | 5,072 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 102
| Size |
| 2,332 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 104
| Size |
| 737 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 2,262 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 5,072 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 3
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 883600000 | Improvements Assessment | $4,059,120 |
| Land Assessment | $1,014,780 | Total Assessment | $5,073,900 |
