Industrial Cold Storage
For Sale
$775,000
108 MacDade Blvd, Collingdale, PA 19023
Industrial warehouse with insulated construction, refrigeration infrastructure, and dock access for vans and small trucks.
Property Size7,000 SF
Price / SF$110.71
Days on Market144
Property Features for 108 MacDade Blvd
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
12.31%
Clear Height
16 ft
Amenities
Former cold storage facility with insulated construction and existing refrigeration infrastructure in place, providing a rare opportunity for food distributors or temperature-controlled storage users.
±7,000 SF warehouse with clear heights ranging from 11.5'–16.5' and dock access for vans or small trucks, offering efficient loading capabilities and flexible space for industrial or distribution user
Located along MacDade Boulevard with convenient access to I-95 and I-476 and approximately 20–30 minutes from Center City Philadelphia, enabling efficient distribution throughout the region.
Building Details
Building Size
7,000 SF
Year Built
1965
Listing Agency:
Philadelphia Office
Listed By:
Max Lasdon · License #License(s): PA: RS379567
(215) 531-7042
Source:
Marcusmillichap
Added: Apr 15
Changed: Sep 4
Last Checked: Sep 4 at 2:31AM
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 Philadelphia Office
Investment Insights
Based on property information with market context.
108 MacDade Boulevard is an approximately 7,000-square-foot industrial warehouse previously utilized as a cold storage facility. The building features insulated construction and existing refrigeration infrastructure to support temperature-controlled storage needs. Clear heights range from approximately 11.5 to 16.5 feet, and the site includes dock access suitable for vans and small trucks.
The property is positioned along MacDade Boulevard in the Collingdale/Lansdowne area of Delaware County, Pennsylvania, with access to major regional transportation corridors including Interstate 95 and Interstate 476. On-site parking and outdoor space are available to support day-to-day industrial operations.
This is a small-bay industrial asset designed for users seeking a cold storage warehouse configuration with practical loading access and on-site support space.
The property is positioned along MacDade Boulevard in the Collingdale/Lansdowne area of Delaware County, Pennsylvania, with access to major regional transportation corridors including Interstate 95 and Interstate 476. On-site parking and outdoor space are available to support day-to-day industrial operations.
This is a small-bay industrial asset designed for users seeking a cold storage warehouse configuration with practical loading access and on-site support space.
Key Highlights
- Approx. 7,000 SF industrial warehouse built in 1965, previously used as a cold storage facility
- Insulated construction plus existing refrigeration infrastructure for temperature‑controlled storage use
- Clear heights approx. 11.5 to 16.5 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,630
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,600
$652.6K
Cap Rate 7%
$466,143
$466.1K
Cap Rate 9%
$362,556
$362.6K
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.0K $6.00/SF
− Vacancy
−$3.6K −$0.52/SF
EGI
$38.4K $5.48/SF
− OpEx
−$5.8K −$0.82/SF
NOI
$32.6K $4.66/SF
Area
Delaware County, PA
Vacancy
8.60%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,600
Cap Rate 7%
$466,143
Cap Rate 9%
$362,556
Alternative Uses
Best Use
Warehouse
$466.1K
$407.9K – $543.8K
NOI $32,630 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,563 @ 7.0% cap · market cap 19.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Industrial warehouse with insulated construction, refrigeration infrastructure, and dock access for vans and small trucks.
Where is this refrigerated & cold storage located?
The property is located at 108 MacDade Blvd Collingdale, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approx. 7,000 SF industrial warehouse built in 1965, previously used as a cold storage facility; Insulated construction plus existing refrigeration infrastructure for temperature‑controlled storage use; Clear heights approx. 11.5 to 16.5 feet
