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3110 Grant Ave 16,711 SF Office Building Philadelphia, PA 19114 $4,180,000 ($250.13/SF) 7.60% Cap Rate
Investment Highlights
- 100% occupied on a net lease basis
- Located in the massively dense Greater Northeast of Philadelphia
- 82,000 total population within two miles of the site
- Lease expiration is 12/01/2033
- Powerful demographics support steady growth in patient demand
- Grant Avenue traffic averages 30,375 vehicles per day
Executive Summary
100% occupied on a net lease basis
Lease expiration is 12/01/2033
Located in the massively dense Greater Northeast of Philadelphia
Powerful demographics support steady growth in patient demand
82,000 total population within two miles of the site
Grant Avenue traffic averages 30,375 vehicles per day
Healthcare real estate continues to attract significant capital.
Lease expiration is 12/01/2033
Located in the massively dense Greater Northeast of Philadelphia
Powerful demographics support steady growth in patient demand
82,000 total population within two miles of the site
Grant Avenue traffic averages 30,375 vehicles per day
Healthcare real estate continues to attract significant capital.
Property Facts
Sale Type
Investment
Property Type
Building Size
16,711 SF
Building Class
B
Year Built/Renovated
1950/2022
Price
$4,180,000
Price Per SF
$250.13
Cap Rate
7.60%
NOI
$317,680
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
5,570 SF
Building FAR
0.27
Lot Size
1.40 AC
Zoning
CMX2 - Zoning is for neighborhood-serving retail and service use. It allows for a mix of commercial and residential uses, with some requiring special permits
Parking
64 Spaces (3.83 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Refocus Eye
- Retailer
- 16,711 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Refocus Eye | Retailer | 16,711 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Basement
- 955-3,055 SF
- Office
- Partial Build-Out
- 30 Days
- 1st Floor
- 2,790-6,720 SF
- Office
- Partial Build-Out
- 30 Days
- 2nd Floor
- 2,330-5,925 SF
- Office
- Partial Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| Basement | 955-3,055 SF | Office | Partial Build-Out | 30 Days |
| 1st Floor | 2,790-6,720 SF | Office | Partial Build-Out | 30 Days |
| 2nd Floor | 2,330-5,925 SF | Office | Partial Build-Out | 30 Days |
Basement
| Size |
| 955-3,055 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
1st Floor
| Size |
| 2,790-6,720 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 2,330-5,925 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
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Property Taxes
| Parcel Number | 883087700 | Improvements Assessment | $1,267,200 |
| Land Assessment | $316,800 | Total Assessment | $1,584,000 |
Property Taxes
Parcel Number
883087700
Land Assessment
$316,800
Improvements Assessment
$1,267,200
Total Assessment
$1,584,000
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