2137 Welsh Rd - Medical CONDO FOR SALE


Philadelphia, PA 19115- Northeast Philadelphia
$1,420,000 USD
215-568-2600
2137 Welsh Rd, Philadelphia, PA for Sale
$1,420,000 USD
Medical CONDO - FOR SALE
1/11
null | 7% Cap Rate

2137 Welsh Rd
Philadelphia, PA 19115
Northeast Philadelphia


HIGHLIGHTS

  • Strategically positioned at the corner of Roosevelt Blvd (39,274 VPD) and Welsh Road (22,344 VPD) providing strong visibility within a well-establishe
  • Located in Northeast Philadelphia, the property serves nearly 220,000 residents within a 3-mile radius, with an average household income exceeding $97
  • Six (6) years remaining on an initial seven (7) year lease term, featuring one (1) five-year renewal option and 2.5% annual rental escalations, provid
  • Leased to Dental 365, a leading New York-based Dental Support Organization with 160+ locations nationwide
  • Modified gross lease structure within a professionally managed medical office condominium association, offering a low- maintenance, stable investment

OVERVIEW

MSC Retail is pleased to exclusively present a single-tenant investment opportunity leased to Dental 365, a premier New York-based Dental Support Organization (DSO) operating more than 160 practices nationwide. The asset is a medical office condominium strategically positioned along Welsh Road, benefiting from strong visibility and traffic counts of 22,344 vehicles per day (VPD). The property is located just off Roosevelt Boulevard (U.S. Route 1) with traffic counts of 39,274 VPD, one of Philadelphia’s primary commercial arteries, providing exceptional regional accessibility and connectivity throughout Northeast Philadelphia. Situated in Northeast Philadelphia, one of the city’s most densely populated and established residential submarkets, the property benefits from a strong demographic profile and consistent healthcare demand. The immediate trade area features stable household incomes and a dense population base supporting long-term medical tenancy. Dental 365 recently acquired the long-standing dental practice at this location, which has successfully operated at the site for over 10 years and as a practice for over 60 years, further reinforcing site stability, patient retention, and recurring revenue. The lease provides six (6) years of remaining term on the initial seven (7) year agreement, with one (1) five-year renewal option and 2.5% annual rental escalations. The corporate-backed guarantee from Prem

FOR SALE DETAILS

PRICE

$1,420,000 USD

PRICE/SF

$392 USD /SF

CAP RATE

7%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

20,000 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

83

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CMX2

APN/PARCEL ID

883381130,883381135,883381145,883381190,883381192

ASK ABOUT THIS PROPERTY

215-568-2600

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215-568-2600

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