926 W Sedgley Ave
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926 W Sedgley Ave
46,965 SF Office Building Philadelphia, PA 19140 $10,800,000 ($230/SF) 8% Cap Rate
Investment Highlights
- Behind Temple University Medical Campus
- Close to Public Transporation
- Adjacent parcels approved for 180 units
Executive Summary
This offering includes a tenant with one hundred triple net lease in
place.
Philadelphia Department of education Will begin lease
payments on July 1, 2020 with an annual increase that will yield a
revenue close to $900,000 a year triple net in year five.
The building was fully rehabbed for its former tenants all systems
and mechanicals are in excellent working order. This is an absolute
triple net lease where the tenant reimburses landlord for water and
sewer, insurance, all taxes, all utilities and all maintenance.
place.
Philadelphia Department of education Will begin lease
payments on July 1, 2020 with an annual increase that will yield a
revenue close to $900,000 a year triple net in year five.
The building was fully rehabbed for its former tenants all systems
and mechanicals are in excellent working order. This is an absolute
triple net lease where the tenant reimburses landlord for water and
sewer, insurance, all taxes, all utilities and all maintenance.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
46,965 SF
Building Class
C
Year Built/Renovated
1880/2006
Price
$10,800,000
Price Per SF
$230
Cap Rate
8%
NOI
$864,000
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
15,655 SF
Building FAR
1.19
Lot Size
0.91 AC
Zoning
I-2 - Caretaker Quarters; Passive Recreation; Safety Services; Transit Station; Utilities and Services, Basic and Major; Wireless
Service Facility;
Parking
90 Spaces (1.92 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Air Conditioning
Walk Score ®
Very Walkable (76)
Transit Score ®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 777616100 | Improvements Assessment | $744,930 |
| Land Assessment | $56,070 | Total Assessment | $801,000 |
PROPERTY TAXES
Parcel Number
777616100
Land Assessment
$56,070
Improvements Assessment
$744,930
Total Assessment
$801,000
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926 W Sedgley Ave
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