215-448-6053
3800 Frankford Ave, Philadelphia, PA for Sale
Warehouse - FOR SALE
1/7
null | Request Cap Rate

3800 Frankford Ave
Philadelphia, PA 19124
Port Richmond


OVERVIEW

Binswanger is pleased to offer this investment opportunity in the North Philadelphia Submarket. The properties consists of approximately 132,000 SF on approx. 5.5 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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1943

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

14 Ft

DOCKS

17

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.87

LAND SF

212,137

ZONING

G2

APN/PARCEL ID

884203000

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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.