4700 Stenton Ave - Warehouse FOR SALE


Philadelphia, PA 19144- East Germantown
$3,500,000 USD
215-454-2852
4700 Stenton Ave, Philadelphia, PA for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

4700 Stenton Ave
Philadelphia, PA 19144
East Germantown


HIGHLIGHTS

  • Proximity to Essential Retail: Located Near Save A Lot, Rite Aid, Family Dollar, Germantown Plaza, and the Germantown Avenue Retail Corridor
  • Access to Public Transportation: Short Walk to SEPTA Chestnut Hill East Line (Washington Lane Station) and Bus Routes 23, 53, and 71
  • Social Impact; Strong Potential for Mission-Driven Investment: Preserve Naturally Occurring Affordability for Low- and Moderate-Income Residents
  • Adaptive Reuse Asset: Unique Industrial-Style Units Offering Differentiated Product in the Sub-Market
  • Accessibility & Connectivity: Minutes to Roosevelt Boulevard (Route 1) and Interstate 76 (the Schuylkill Expressway)

OVERVIEW

Global Real Estate Advisors (GREA) is pleased to present the unique opportunity to acquire the fee simple interest in 4700 Stenton Avenue, located in the Germantown neighborhood of Philadelphia, Pennsylvania. Germantown is a well-established residential submarket known for its strong rental demand, accessibility, and proximity to major employment centers throughout Northwest Philadelphia and Center City. 4700 Stenton Avenue is an adaptive reuse property comprising 26 apartment units, with a mix of 58% one-bedroom units and 42% two-bedroom units. The Property offers functional layouts and modern kitchens with an industrial feel, providing residents with comfortable living spaces in a stable, workforce housing environment. The Property is currently 88% occupied with an average in-place rent of $995 per unit, demonstrating consistent tenant demand within the submarket. Based on the current rent roll and pro forma, there is meaningful upside potential through lease-up of vacant units and mark-to-market rent increases. The asset provides investors with stable in-place cash flow and the opportunity to increase net operating income through operational improvements, improved occupancy, and continued rent growth. It is expected to grow steadily as the surrounding neighborhood continues to gentrify. Residents at 4700 Stenton Avenue benefit from immediate proximity to a wide range of neighborhood amenities, including nearby retailers such as Save-A-Lot, Rite Aid, Family Dollar, and Germantown Plaza, along with numerous local restaurants and neighborhood-serving businesses along the Germantown Avenue corridor. The Property is well-positioned with convenient access to public transportation, including the SEPTA Chestnut Hill East Line (Washington Lane Station) and multiple bus routes, including the 23, 53, and 71 lines, providing direct connectivity to Center City Philadelphia and surrounding neighborhoods. 4700 Stenton Avenue in Philadelphia presents investors with the opportunity to acquire a well-located multifamily asset in a strong workforce housing rental submarket, offering durable in-place cash flow with additional upside through lease-up and mark-to-market increases.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3

LAND SF

13,068

ZONING

ICMX

APN/PARCEL ID

881442805

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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