Office

The Philadelphia Urban Investment & Development Portfolio

Philadelphia, PA, Philadelphia, PA 19145

Listing Price: $56,479,999

Cap Rate
6.09%
Gross SF
323,123
Rentable SF
323,123
Price/Gross SF
$174.79
Lot Size
8.94 acres
Year Built
2000

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to
market for sale a portfolio of twenty seven properties in Philadelphia,
PA (The Portfolio), as further described on page 16 of the Offering Memorandum. The Portfolio
is comprised of a combination of property types and unimproved
parcels across the city of varying zoning classifications that is both
occupied and vacant.

The Portfolio presents to qualified investors the unique opportunity
to acquire a diversified portfolio of assets in one of the nations top
ten largest population centers with value-add potential that is secured
by both near-term and long-term streams of in-place cash flow.
Additionally, the vacant properties and unimproved parcels present
further opportunity to add value through redevelopment, lease-up,
and development.

Noteworthy tenants in place include The Commonwealth of Pennsylvania
Department of Human Services, The Commonwealth of
Pennsylvania Department of Probation and Parole, The City of Philadelphia,
Wells Fargo, Walgreens, Dunkin Donuts, H&R Block, Philadelphia
Performing Arts Charter School, North, Inc., and Catch, Inc.
The undeveloped parcels are predominantly zoned CMX-2 (zoning
descriptions on page 16 and further details starting on page 64).

As it sits today, the Portfolio is projected to generate a 2020 net
operating income of approximately $3,438,636 yielding a 6.24% cap
rate for the cash flowing assets which are currently 62% occupied.
The Portfolio represents the extraordinary opportunity to acquire
approximately nine acres of Philadelphia real estate with in-place
cash flow and near-term upside that is positioned to appreciate for
generations to come.

Investment Highlights

  • Approximately 9 Acres Total Land Area
  • 55% Total Occupancy
  • Value-Add Opportunity

Exclusively Listed By

Office

The Philadelphia Urban Investment & Development Portfolio

Listing Price: $56,479,999

Cap Rate
6.09%
Gross SF
323,123
Rentable SF
323,123
Price/Gross SF
$174.79
Lot Size
8.94 acres
Year Built
2000

Investment Highlights

  • Approximately 9 Acres Total Land Area
  • 55% Total Occupancy
  • Value-Add Opportunity

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to
market for sale a portfolio of twenty seven properties in Philadelphia,
PA (The Portfolio), as further described on page 16 of the Offering Memorandum. The Portfolio
is comprised of a combination of property types and unimproved
parcels across the city of varying zoning classifications that is both
occupied and vacant.

The Portfolio presents to qualified investors the unique opportunity
to acquire a diversified portfolio of assets in one of the nations top
ten largest population centers with value-add potential that is secured
by both near-term and long-term streams of in-place cash flow.
Additionally, the vacant properties and unimproved parcels present
further opportunity to add value through redevelopment, lease-up,
and development.

Noteworthy tenants in place include The Commonwealth of Pennsylvania
Department of Human Services, The Commonwealth of
Pennsylvania Department of Probation and Parole, The City of Philadelphia,
Wells Fargo, Walgreens, Dunkin Donuts, H&R Block, Philadelphia
Performing Arts Charter School, North, Inc., and Catch, Inc.
The undeveloped parcels are predominantly zoned CMX-2 (zoning
descriptions on page 16 and further details starting on page 64).

As it sits today, the Portfolio is projected to generate a 2020 net
operating income of approximately $3,438,636 yielding a 6.24% cap
rate for the cash flowing assets which are currently 62% occupied.
The Portfolio represents the extraordinary opportunity to acquire
approximately nine acres of Philadelphia real estate with in-place
cash flow and near-term upside that is positioned to appreciate for
generations to come.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower