215-448-6053
, Philadelphia, PA for Sale
FOR SALE
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3780-3800 Frankford Avenue
Philadelphia, PA
Port Richmond


HIGHLIGHTS

  • The subject property has convenient access to I-95, the Betsy Ross Bridge, and the Tacony-Palmyra Bridge.
  • The local inventory pool is rounded out by 3.2 million SF of specialized space and 320,000 SF of flex space.
  • Ample tailgate dock and drive-in loading capabilities
  • The properties consists of approximately 132,000 SF on approx. 6.13 acres and is conveniently located near I-95 and the Aramingo Avenue Interchange

OVERVIEW

Binswanger is pleased to offer this investment opportunity in the North Philadelphia Submarket. The properties consists of approximately 132,000 SF on approx. 6.13 acres and is conveniently located near I-95 and the Aramingo Avenue Interchange Year-over-year, market rents have increased by 1.6% for logistics buildings, 2.0% for flex buildings, and 2.8% for specialized industrial buildings. In Northeast Philadelphia, the estimated industrial market pricing stands at $100 per square foot, notably below the market average of $131 per square foot. The area’s estimated market capitalization rate is 7.5%, slightly higher than the market average of 7.2%. The industrial market has seen significant acceleration, driven by rising demand for e-commerce and online order fulfillment. This has fueled growth in last-mile warehousing needs and led to a corresponding increase in institutional ownership across the sector.

ASK ABOUT THIS PROPERTY

Chris PenningtonBinswangerMore Info
215-448-6053

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Chris PenningtonBinswangerMore Info
215-448-6053

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