6700 Germantown Ave | Philadelphia, PA 19119
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6700 Germantown Ave
Philadelphia, PA 19119
Office Property For Sale
PROPERTY FACTS
Property Type
Office
Building Size
4,659 SF
Building Class
B
Year Built/Renovated
1950/2014
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,330 SF
Building FAR
0.78
Lot Size
0.14 AC
Zoning
CMX-2
ABOUT 6700 GERMANTOWN AVE , PHILADELPHIA, PA 19119
Renovated in 2014/2015, this property is triple-net leased with six years remaining. The smaller tenant is proposing a coterminous lease term. The 100% occupied building presents a stable investment property for which the $770,000 asking price represents an 8.0% cap on the net operating income of $61,617. This presents the opportunity to acquire a NNN-leased property with minimal management responsibility and expense risk for a price which is below replacement cost.
PROPERTY TAXES
| Parcel Number | 775684550 | Improvements Assessment | $296,049 |
| Land Assessment | $173,851 | Total Assessment | $469,900 |
PROPERTY TAXES
Parcel Number
775684550
Land Assessment
$173,851
Improvements Assessment
$296,049
Total Assessment
$469,900
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