3645 N Front St - Medical FOR SALE


Philadelphia, PA 19134- Juniata Park-Feltonville
$19,500,000 USD
202-286-1542
3645 N Front St, Philadelphia, PA for Sale
$19,500,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

3645 N Front St
Philadelphia, PA 19134
Juniata Park-Feltonville


HIGHLIGHTS

  • High Credit Tenant | 16 Years Remaining | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Tax Benefits Complete Passive Ownership | Ideal For Trust Planning And Long-term Preservation of Equity
  • Recently Built | Adjacent to Saint Christophers Hospital for Children | One-Stop healthcare shop
  • Non-recourse Loan at Significantly Below Market Rate | High Leverage Exchange | Paydown/Readvance Feature
  • Prime Location | Quick Access to U.S. Hwy 11 & State Hwy 611

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, CTL financed, Zero Cash Flow, St. Christophers Pediatrics located in Philadelphia, Pennsylvania. The tenant has over 16 years remaining, demonstrating their commitment to the site. The lease features scheduled rental increases every 5 years throughout the term, steadily growing NOI and hedging against inflation. The building is leased to a JV between Tower Health (S&P: D) and Drexel University (S&P: BBB+) and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Additionally, the paydown/readvance feature that comes from Zero Cash Flow structure further benefits a buyer with 1031 exchange.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$666 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medical Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

156

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

CMX-3

APN/PARCEL ID

777011725

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.