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Multi-Story Medical Office Building

2909-2913 Kensington Ave, Philadelphia, PA

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For Sale

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Multi-story commercial building utilized as a medical office for sale.

Type:INDUSTRIAL

Property size:

13,200 SF

Lot size:

0.16 Acres

HighLights

Combined annual rent of $221,468.78.
Multi‑story commercial building with established tenants.
Leases in place with rent escalations (4% and 3% annually).
Strategically located minutes from I‑95 and the Betsy Ross Bridge.
Lease renewal options available for both tenants.
Current tenant is a Medical Addiction Treatment Center.

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Listing Contact

Michael "Mike" Pennington

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For Sale

Contact for pricing

Multi-story commercial building utilized as a medical office for sale.

Type:INDUSTRIAL

Property size:

13,200 SF

Lot size:

0.16 Acres

Added:: Mar 11, 2024
Days on Market:: 827
Last Refresh:: May 20 at 9:49 pm

Property Features for 2909-2913 Kensington Ave

General Information

Standard status: Active
Size: 13,200 SF
Lot size: 0.16 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Michael "Mike" Pennington

Listing agent Michael "Mike" Pennington

Listing office Binswanger - Corporate

Listing date Mar 11, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Binswanger - Corporate

HighLights

Combined annual rent of $221,468.78.
Multi‑story commercial building with established tenants.
Leases in place with rent escalations (4% and 3% annually).
Strategically located minutes from I‑95 and the Betsy Ross Bridge.
Lease renewal options available for both tenants.
Current tenant is a Medical Addiction Treatment Center.

Overview

This multi-story commercial building is currently utilized as a medical office. The property is leased to a medical addiction treatment center. The lease for 2909-11 Kensington Avenue has a term of 5 years, expiring on May 31, 2026, and includes one renewal option for five years. The lease for 2913-15 Kensington Avenue has a term of 10 years, expiring on December 31, 2024, and includes two renewal options for 5 years. Rent escalations are 4% annually for 2909-11 Kensington Avenue and 3% annually for 2913-15 Kensington Avenue. The current annual rent for 2909-11 Kensington Avenue is $64,896, and for 2913-15 Kensington Avenue, it is $156,572.78, resulting in a combined annual rent of $221,468.78. The property is strategically located minutes from I-95 and the Betsy Ross Bridge, providing access to Center City Philadelphia and all major highways in the region. The property size is 13,200 square feet.

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

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Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1198
Latitude: 39.9926

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For sale
Medical Office Space
PA
Philadelphia
2909-2913 Kensington Ave

What type of property is this?

Medical Office Space - Multi-story commercial building utilized as a medical office for sale.

Where is this medical office space located?

The property is located at 2909-2913 Kensington Ave Philadelphia, PA.

What are key features of this property?

This property features: Combined annual rent of $221,468.78.; Multi‑story commercial building with established tenants.; Leases in place with rent escalations (4% and 3% annually).

2909-2913 Kensington Ave, Philadelphia, PA

Multi-story commercial building utilized as a medical office for sale.

Property Features for 2909-2913 Kensington Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building with Parking

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Mixed-Use Building with Two-Level Layout

Turnkey Three-Story Building with Elevator

Triplex with Central Air Units

Turnkey Triplex with Tax Abatement

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