2821 Island Ave, Philadelphia, PA 19153
43,000 SF building with long-term tenants, value-add potential.
- Added:
- Jul 17, 2020
- Days on Market:
- 2182
- Last Refresh:
- Jul 4 at 9:04 am
Property Features for 2821 Island Ave
General Information
- Standard status
- Active
- Size
- 43,800 SF
- Property subtype
- Office
Listing office KW Commercial (215) 627-3500
Listing date Jul 17, 2020
Source Crexi
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 KW Commercial
HighLights
- 43,000 square‑foot building offers tremendous space for added value.
- Located on the primary artery in the East Wick section of the city.
- Long term tenants in place.
Overview
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 | $961.8k | $21.96 |
| − Vacancy | −$193.3k | −$4.41 |
| EGI | $768.5k | $17.55 |
| − OpEx | −$192.1k | −$4.39 |
| NOI | $576.4k | $13.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.240859
- Latitude
- 39.906583
