Colliers International, in partnership with Ten-X, is pleased to offer for sale the Blue Grass Industrial located at 9490 Blue Grass Road. The property is being offered in a common interest, unencumbered by a management contract. Located in Philadelphia, Pennsylvania, this sizeable asset is comprised of 203,177 total square feet, of which 200,996 is rentable space. It is a part of a larger 313,000-square-foot industrial and commercial mixed-use, single-story building. Built in 1980 on 14.14-acres (9.6-acres controlled by this sale) and renovated in 2006, the property is zoned for industrial, commercial, and mixed-use buildings (ICMX). It is positioned as a retail-like strip center where commercial tenants operate with showrooms for their customers. It is currently 100%-leased with value-add potential for a new buyer as one tenant who occupies 14% of the rent roll will be vacating. With an immediate lease-up at the market rate, the new owner can realize a higher NOI. Per CoStar market information, rental rates have been rising steadily in a tight market with low vacancies (4%). The asset is located three miles from I-95 in a highly dense part of North Philadelphia, just 20 minutes to the city center business district. 9490 Blue Grass Road is located in northeast Philadelphia County. Coterminous with the city of Philadelphia, which also serves as its site of government, Philadelphia County is located south of Bucks County and directly across the Delaware River from New Jersey, with Delaware County bordering to the west. From north to south, it is linked to Camden, Burlington, and Gloucester Counties in New Jersey by Delaware River bridges. The County has 29 boroughs and townships within its 143 square miles. Part of Philadelphia-Camden-Wilmington Metropolitan Statistical Area (the 7th most populous in the United States), Philadelphia County is the most populous in the United States coterminous with a municipality. Philadelphia County is centrally located within the Northeast Corridor. New York City is only 95 miles; Baltimore, 110 miles; Washington, DC, 143 miles; and Boston, 320 miles. One-third of the nation’s population resides within a one-day drive of the County, making it a prime location for transporting goods and services. Population growth accelerated in the area between 2010 and 2019, and at an estimated 3.80% growth rate, ultimately surpassed the growth rate of the Metropolitan Statistical Area it serves as the anchor for. Philadelphia County has the largest labor force in Pennsylvania, with the civilian labor force at 741,200 as of May 2020. The education and health services sector is the largest private employer in Philadelphia County, and professional and business services remain prominent in the regional sector as well. At the same time, trade, transportation, and utilities round out the top three employers. Property tours are available by appointment only. Please contact Richard Gorodesky SIOR to schedule at 215-460-5857 or richard.gorodesky@colliers.com.