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Office Medical

100% Occupied Med Office/Retail

891 Baltimore Pike, Springfield, PA 19064

Listing Price: $3,300,000

Cap Rate
7.04%
Gross SF
13,100
Rentable SF
13,048
Price/Gross SF
$251.91
Occupancy
100.0%
Year Built
1965
Lot Size
1.02 acres

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity to acquire a 100%-occupied, 13,048-square-foot investment property positioned along Springfield’s highly trafficked Baltimore Pike retail corridor. The property offers approximately seven years of weighted average lease term, anchor tenancy through January 2035, contractual rent growth and stable day-one cash flow. Approximately 37,000 vehicles pass the property daily, providing exceptional visibility and accessibility. Recent improvements—including a complete roof replacement in 2024 and HVAC upgrades in 2023 and 2025—further reduce near-term capital exposure. The combination of durable tenancy, growing income, recent capital investment and an irreplaceable corridor location makes this an attractive stabilized acquisition.

Investment Highlights

  • 100% Occupied medical, beauty spa, and education investment.
  • Roof completely replaced in 2024. Lower-floor HVAC systems replaced in 2023. Upper-floor HVAC systems replaced by the tenant in 2025. Parking lot seal-coated in 2025.
  • Highly trafficked corridor, corporate backed retailers surrounding the property. Approximately 37,000 vehicles per day.
  • Prominent frontage and visibility along Baltimore Pike. Convenient access to I-476, I-95 and major Delaware County thoroughfares.
  • Largest tenant (beauty spa) occupies approximately 70% of the building, with their lease ending in 2035. Education tenant has 359 locations across the United States.

Exclusively Listed By

Office Medical

100% Occupied Med Office/Retail

Listing Price: $3,300,000

Cap Rate
7.04%
Gross SF
13,100
Rentable SF
13,048
Price/Gross SF
$251.91
Occupancy
100.0%
Year Built
1965
Lot Size
1.02 acres

Investment Highlights

  • 100% Occupied medical, beauty spa, and education investment.
  • Roof completely replaced in 2024. Lower-floor HVAC systems replaced in 2023. Upper-floor HVAC systems replaced by the tenant in 2025. Parking lot seal-coated in 2025.
  • Highly trafficked corridor, corporate backed retailers surrounding the property. Approximately 37,000 vehicles per day.
  • Prominent frontage and visibility along Baltimore Pike. Convenient access to I-476, I-95 and major Delaware County thoroughfares.
  • Largest tenant (beauty spa) occupies approximately 70% of the building, with their lease ending in 2035. Education tenant has 359 locations across the United States.

Investment Overview

Marcus & Millichap is pleased to present a rare opportunity to acquire a 100%-occupied, 13,048-square-foot investment property positioned along Springfield’s highly trafficked Baltimore Pike retail corridor. The property offers approximately seven years of weighted average lease term, anchor tenancy through January 2035, contractual rent growth and stable day-one cash flow. Approximately 37,000 vehicles pass the property daily, providing exceptional visibility and accessibility. Recent improvements—including a complete roof replacement in 2024 and HVAC upgrades in 2023 and 2025—further reduce near-term capital exposure. The combination of durable tenancy, growing income, recent capital investment and an irreplaceable corridor location makes this an attractive stabilized acquisition.

Exclusively Listed By

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