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Mercy Wellness Center 2821 Island Ave

43,800 SF 88% Leased Office Building Philadelphia, PA 19153 $9,750,000 ($223/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
$9,750,000
Price Per SF
$223
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,900 SF
Slab To Slab
10’
Building FAR
0.29
Land Acres
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
  • 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
  • Jan 2025
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 Jan 2025

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
Jan 2025

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 Jan 2025

Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
883600000
Land Assessment
$1,014,780
Improvements Assessment
$4,059,120
Total Assessment
$5,073,900
  • Listing ID: 32771147

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 2821 Island Ave, Philadelphia, PA 19153

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