Cold and Dry Storage
151 Pine St Darby, PA 19023
151 Pine St, Darby, PA, 19023
$2,500,000
For Sale
$2,500,000
Multi-tenant industrial property with refrigerated cold storage, dry warehouse space, and office/support areas.
Property Size13,098 SF
Price / SF$190.87
Days on Market30
Property Features for 151 Pine St
General Information
- Standard status
- Active
- Size
- 13,098 SF
Listing agency
Premier Property Management & Realty LLC
(610) 331-2027
Listed by
Robert Stranix · License #RS354292
(610) 331-2027
Source
Exprealty
Added: Jun 23 Updated: Jul 21 at 5:35PM Checked: Jul 21 at 5:35PM
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 Premier Property Management & Realty LLC
Investment Insights
Based on property information with market context.
This multi-tenant industrial property includes both refrigerated cold storage areas and dry warehouse space, supported by office and support components. The facility is designed for flexible industrial use, featuring loading access and roll-up doors to support efficient movement of goods and equipment between storage and operational areas.
The property is offered for sale as a value-add investment, with a portion of space currently occupied and producing in-place rental income. Additional space is described as currently vacant, creating potential for lease-up and income growth through active management.
As presented, the asset includes multiple income-producing units within a single facility configuration, along with an existing NNN tenant noted as occupying the primary warehouse space.
The property is offered for sale as a value-add investment, with a portion of space currently occupied and producing in-place rental income. Additional space is described as currently vacant, creating potential for lease-up and income growth through active management.
As presented, the asset includes multiple income-producing units within a single facility configuration, along with an existing NNN tenant noted as occupying the primary warehouse space.
Key Highlights
- Approximately 13,098 SF multi‑tenant industrial/storage facility with refrigerated cold storage and dry warehouse space
- Currently generates approximately $212,832 in annual in‑place rental income from occupied tenants, including an NNN tenant in the primary warehouse space
- Cold storage, warehouse space, office/support areas, and loading access with roll‑up doors
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.8k | $26.40 |
| − Vacancy | −$59.5k | −$4.54 |
| EGI | $286.3k | $21.86 |
| − OpEx | −$71.6k | −$5.46 |
| NOI | $214.7k | $16.39 |
13,098 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.07M
$2.68M – $3.58M
NOI $214,734 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,983 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Valley Green Foods, ...
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Multi-tenant industrial property with refrigerated cold storage, dry warehouse space, and office/support areas.
Where is this office units located?
The property is located at 151 Pine St Darby, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 13,098 SF multi‑tenant industrial/storage facility with refrigerated cold storage and dry warehouse space; Currently generates approximately $212,832 in annual in‑place rental income from occupied tenants, including an NNN tenant in the primary warehouse space; Cold storage, warehouse space, office/support areas, and loading access with roll‑up doors
