$1,100,000 USD
310-919-5839
3790 Morrell Ave
Philadelphia, PA 19114
Northeast Philadelphia
HIGHLIGHTS
- Healthcare properties are traditionally sought-after investments for their resistance during downturns in the economy and e-commerce trends.
- The property offers an attractive entry basis of$154 per square foot at the list price, giving buyers the opportunity to acquire this net-lease.
- Located in Northeast Philadelphia—one of the densest parts of the city—the property benefits from a five-mile population exceeding ±428,000.
- The subject property benefits from ±23,000 vehicles per day (VPD) along Morrell Avenue and Frankford Avenue.
- Located less than one mile from Jefferson Torresdale Hospital—a 258-bed facility with a Level II trauma center that opened in 1977,
- All six HVAC units on the property were replaced by the landlord in 2022 and have been serviced regularly.
FOR SALE DETAILS
PRICE
$1,100,000 USD
PRICE/SF
$154 USD /SF
CAP RATE
7.32%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1966
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
ASC
APN/PARCEL ID
883091200
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310-919-5839
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310-919-5839
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