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3800 Frankford Ave
Philadelphia, PA 19124
Industrial Property For Sale
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1943 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 4.87 AC | No. Dock-High Doors/Loading | 17 |
| Rentable Building Area | 132,000 SF | ||
| Zoning | G2 | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.87 AC |
| Rentable Building Area | 132,000 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Tenancy | Single |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 17 |
| Zoning | G2 |
Amenities
- Property Manager on Site
Utilities
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 884203000 | Improvements Assessment | $1,717,380 |
| Land Assessment | $736,020 | Total Assessment | $2,453,400 |
Property Taxes
Parcel Number
884203000
Land Assessment
$736,020
Improvements Assessment
$1,717,380
Total Assessment
$2,453,400
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3800 Frankford Ave