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Warehouse

6610 Hasbrook Ave Assemblage

6610 Hasbrook Ave, Philadelphia, PA 19111

Listing Price: Request For Offer

Gross SF
89,066
Lot Size
6.88 acres
Year Built
1930
Rentable SF
89,066

Investment Overview

Marcus & Millichap has been retained as the exclusive advisor to market for sale the Hasbrook Avenue Development Site (The "Property"). The Property, made up of three parcels (6610 Hasbrook Ave, 6724 Kerper Pl, and 323 Unruh Ave), is situated on 6.88-acres in Philadelphia less than 500 feet from the Cheltenham train station served by SEPTA. The Property consists of a 4.23-acre parcel of industrial land improved with the 89,066-sf warehouse zoned I-2, a 2.21-acre parcel of vacant land zoned RSA-3, and a 0.44-acre lot containing a residential dwelling. The 89,066 square foot warehouse contains nine suites ranging from 1,200 to 22,720 square feet. The warehouse is currently 82.3% occupied by seven tenants with leases extending up to August 2025, with 47.4% of the building expiring in 2022, 26.9% expiring in 2023, and 8% expiring in 2025. The remaining 17.7% (15,752 sf) of the warehouse is utilized as storage for the owner of the Property. The breakdown of tenants, uses, and rental information is placed in the Financial Analysis section (pgs. 15-17). The warehouse has below market rents which presents a value-add opportunity to parties interested in retaining this building. The Property represents the opportunity for a qualified investor to acquire a site with significant development potential and excellent access. Located just steps from SEPTA’s Cheltenham Station, which takes the Fox Chase Line to Center City in under 30 minutes, The Property includes an ingress/egress on three separate streets including Hasbrook Ave, Unruh Ave, and Kerper St. Ownership will consider offers on all parcels together, or separately (with 6724 Kerper Pl and 323 Unruh Ave together). Please contact the Listing Agents directly for all inquiries regarding the Property. Offers must be submitted in writing.

Investment Highlights

  • 6.88- Acre Site Zoned I-2 and RSA-3
  • Steps from the Cheltenham Train Station Served by SEPTA Directly to Center City
  • Access to Site from Three Separate Streets
  • 89,066(+/-) SF Warehouse
  • New Roof and Various Other Improvements (<2 yrs)
  • In-Place Cash Flow with Below Market Rents

Exclusively Listed By

Warehouse

6610 Hasbrook Ave Assemblage

Listing Price: Request For Offer

Gross SF
89,066
Lot Size
6.88 acres
Year Built
1930
Rentable SF
89,066

Investment Highlights

  • 6.88- Acre Site Zoned I-2 and RSA-3
  • Steps from the Cheltenham Train Station Served by SEPTA Directly to Center City
  • Access to Site from Three Separate Streets
  • 89,066(+/-) SF Warehouse
  • New Roof and Various Other Improvements (<2 yrs)
  • In-Place Cash Flow with Below Market Rents

Investment Overview

Marcus & Millichap has been retained as the exclusive advisor to market for sale the Hasbrook Avenue Development Site (The "Property"). The Property, made up of three parcels (6610 Hasbrook Ave, 6724 Kerper Pl, and 323 Unruh Ave), is situated on 6.88-acres in Philadelphia less than 500 feet from the Cheltenham train station served by SEPTA. The Property consists of a 4.23-acre parcel of industrial land improved with the 89,066-sf warehouse zoned I-2, a 2.21-acre parcel of vacant land zoned RSA-3, and a 0.44-acre lot containing a residential dwelling. The 89,066 square foot warehouse contains nine suites ranging from 1,200 to 22,720 square feet. The warehouse is currently 82.3% occupied by seven tenants with leases extending up to August 2025, with 47.4% of the building expiring in 2022, 26.9% expiring in 2023, and 8% expiring in 2025. The remaining 17.7% (15,752 sf) of the warehouse is utilized as storage for the owner of the Property. The breakdown of tenants, uses, and rental information is placed in the Financial Analysis section (pgs. 15-17). The warehouse has below market rents which presents a value-add opportunity to parties interested in retaining this building. The Property represents the opportunity for a qualified investor to acquire a site with significant development potential and excellent access. Located just steps from SEPTA’s Cheltenham Station, which takes the Fox Chase Line to Center City in under 30 minutes, The Property includes an ingress/egress on three separate streets including Hasbrook Ave, Unruh Ave, and Kerper St. Ownership will consider offers on all parcels together, or separately (with 6724 Kerper Pl and 323 Unruh Ave together). Please contact the Listing Agents directly for all inquiries regarding the Property. Offers must be submitted in writing.

Exclusively Listed By

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