Pennbrook Portfolio
Philadelphia, PA
Washington Square West
HIGHLIGHTS
- PORTFOLIO SCALE & DIVERSIFICATION – 29-unit mixed-use multifamily portfolio comprised of five well-located assets across Philadelphia, providing immed
- STRONG IN-PLACE YIELD WITH UPSIDE – Strong in-place 6.74% cap rate with upside to 8.07% at market rents.
- CLEAR UPSIDE TO MARKET RENTS – Approximately 13.5% loss-to-lease across the residential units provides a defined path to income growth through rent no
- ATTRACTIVE STABILIZED METRICS – Upon stabilization, NOI is projected to increase to approximately $645,883, equating to an 8.07% stabilized cap rate a
- MIXED-USE INCOME COMPONENT – Select assets include ground-floor retail, enhancing income diversification and resilience across market cycles.
- EFFICIENT OPERATING PROFILE – In-place operating expenses represent approximately 26.3% of Effective Gross Income, supporting strong margins and finan
OVERVIEW
We are pleased to present the Pennbrook Portfolio, a 29-unit multifamily offering spread across five premier Center City addresses. The portfolio includes stabilized assets with strong in-place cash flow, desirable layouts, and excellent rental upside in one of Philadelphia’s most coveted submarkets.
The buildings are located at:
1. 716 South Street
2. 716 S 2nd Street
3. 2027 Pine Street
4. 750–752 S Martin Street
5. 902 Spruce Street
With a unit mix spanning 1BR, 2BR, and 3BR layouts, plus a retail component occupied by a national franchise tenant with a newly exercised 5-year lease extension, the portfolio serves a diverse tenant base and offers walkable access to the city’s major employment, university, and cultural hubs.
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215-608-3734
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