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9200 Marshall St Philadelphia, PA 19114

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For Sale
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Value-add medical office building for sale in Northeast Philadelphia.

Property size:
29,000 SF
Lot size:
0.86 Acres

Property Features for 9200 Marshall St

General Information

Size
29,000 SF
Lot size
0.86 Acres

Source: Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey Agent Todd Monahan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Medical Office Investment Opportunity

This is a value-add Class ‘C’ medical office building located in Northeast Philadelphia, Philadelphia County, PA, situated off of Roosevelt Blvd (Route 1) & Welsh Road. The property offers approximately 29,600 square feet of space. The building is 75% leased and presents a value-add opportunity through the lease-up of approximately 7,600 square feet of vacancy and the extension of tenants with near-term expirations. The asset features an overall average weighted remaining lease term of 4 years and 2 months, with active discussions underway to renew and extend existing tenancy. The anchor tenant occupies 16,550 square feet and is under lease through 2034, providing long-term income stability. The property currently generates $405,555 in annual income, with a conservatively projected potential income of $516,028, representing a 27% increase in net operating income through vacancy lease-up and property stabilization. This projection is based on achieving market rents for the remaining 7,600 square feet of vacant space under current leasing conditions. The building features regionally recognized and specialty practice medical tenants offering diverse, complimentary medical uses and long-term tenancy. Staggered rent expirations and renewals diminish retaining costs and reduce vacancy exposure.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Always Independent, Inc Home Health Care Service

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Petco Vaccination Clinic

Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.030355
Latitude
40.072994

FAQs

What type of property is this?
Medical office - Value-add medical office building for sale in Northeast Philadelphia.
Where is this medical office located?
The property is located at 9200 Marshall St Philadelphia, PA.
What are key features of this property?
This property features: - Value-add opportunity through lease-up of approximately 7,600 SF of vacancy.; - Anchor tenant occupies 16,550 SF under lease through 2034, providing long-term income stability.; - Currently generates $405,555 in annual income with potential to increase to $516,028 through vacancy lease-up.
More about this property
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