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9150 Marshall St 29,600 SF 75% Leased Office Building Philadelphia, PA 19114 For Sale
INVESTMENT HIGHLIGHTS
- 75% leased (7,600 SF of Vacancy).
- Currently in process of extending several leases with near term expirations*.
- Anchor Tenant has 16,550 sf with a lease termination date in 2034.
EXECUTIVE SUMMARY
NorthEast Medical Center at 9150 Marshall Street presents a compelling investment opportunity in one of Northeast Philadelphia’s most established medical corridors. This two-story, 29,600 SF Class C medical office building is 75% occupied, anchored by SOAR Corp under a long-term lease through 2034, ensuring durable income stability. Additional tenancy includes Harmony Wellness and Roth Ear, Nose & Throat, both with renewal discussions underway, further reinforcing the property’s strong medical positioning.
Priced at $5,000,000 with an attractive 8.11% cap rate, the asset currently generates $405,555 in annual income, with a projected upside to $516,028 through the lease-up of approximately 7,600 SF of vacancy. This represents a 27% NOI increase, offering investors a clear path to value creation. The building’s staggered lease expirations minimize rollover risk, while its location off Roosevelt Boulevard provides seamless regional connectivity.
Surrounded by high-traffic retail destinations such as Federal Realty’s Northeast Shopping Center and The Court at Grant Avenue, the property benefits from strong consumer draw and a dense residential population. Nearby Northeast Philadelphia Airport supports medical transport and corporate aviation, adding to the site’s strategic appeal. With demographics boasting over 512,000 residents within three miles and average household incomes exceeding $96,000, this asset is positioned for sustained demand from healthcare providers seeking proximity to patients and complementary practices.
Priced at $5,000,000 with an attractive 8.11% cap rate, the asset currently generates $405,555 in annual income, with a projected upside to $516,028 through the lease-up of approximately 7,600 SF of vacancy. This represents a 27% NOI increase, offering investors a clear path to value creation. The building’s staggered lease expirations minimize rollover risk, while its location off Roosevelt Boulevard provides seamless regional connectivity.
Surrounded by high-traffic retail destinations such as Federal Realty’s Northeast Shopping Center and The Court at Grant Avenue, the property benefits from strong consumer draw and a dense residential population. Nearby Northeast Philadelphia Airport supports medical transport and corporate aviation, adding to the site’s strategic appeal. With demographics boasting over 512,000 residents within three miles and average household incomes exceeding $96,000, this asset is positioned for sustained demand from healthcare providers seeking proximity to patients and complementary practices.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
29,600 SF
Building Class
C
Year Built
1970
NOI
$405,500
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,800 SF
Building FAR
0.80
Lot Size
0.85 AC
Zoning
CA2 - (Commercial Activity 2) zoning district is designed to accommodate a wide range of commercial uses, often in the form of shopping centers
Parking
19 Spaces (0.64 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste Suite 11
- 1,400 SF
- Office/Medical
- Partial Build-Out
- Now
- 2nd Fl-Ste Suite 16
- 1,500 SF
- Office/Medical
- Partial Build-Out
- Now
- 2nd Fl-Ste Suite 17
- 900 SF
- Office/Medical
- Partial Build-Out
- Now
- 2nd Fl-Ste Suites 12-13
- 2,500 SF
- Office/Medical
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste Suite 11 | 1,400 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste Suite 16 | 1,500 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste Suite 17 | 900 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste Suite 20 | 1,200 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste Suites 12-13 | 2,500 SF | Office/Medical | Partial Build-Out | Now |
2nd Fl-Ste Suite 11
| Size |
| 1,400 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste Suite 16
| Size |
| 1,500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste Suite 17
| Size |
| 900 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste Suite 20
| Size |
| 1,200 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste Suites 12-13
| Size |
| 2,500 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Fl-Ste Suite 20
| Size | 1,200 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 883385000 | Improvements Assessment | $3,197,600 |
| Land Assessment | $799,400 | Total Assessment | $3,997,000 |
PROPERTY TAXES
Parcel Number
883385000
Land Assessment
$799,400
Improvements Assessment
$3,197,600
Total Assessment
$3,997,000
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Contact the Sale Advisor
9150 Marshall St
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