Highlights
.5 miles to Temple's medical campus Easy access to SEPTA bus & subway lines Long term tenant Single tenant occupancy Two parking lots Elevator
Description
This offering includes a tenant with one hundred triple net lease in place. Philadelphia Department of education Will begin lease payments on July 1, 2020 with an annual increase that will yield a revenue close to $900,000 a year triple net in year five. The building was fully rehabbed for its former tenants all systems and mechanicals are in excellent working order. This is an absolute triple net lease where the tenant reimburses landlord for water and sewer, insurance, all taxes, all utilities and all maintenance.
Listing Details
- Cap Rate
8%
- Space Type
specialty
- Sub Category
school-educational-facility
- Sale Type
Portfolio Sale
- Date Listed
1/6/2025
Property Specifics
- Property Name
EDUCATIONAL INSTITUTION TENANT
- Building Size
46,965 SF
- Lot Size
39,430 SF