Net-Leased Medical Office
For Sale
Contact for pricing
3108-3110 Grant Ave, Philadelphia, PA 19114
Net-leased medical office space with 100% occupancy and a lease expiration dated December 1, 2033.
Property Size16,711 SF
Price / SF$250.13
Days on Market65
Property Features for 3108-3110 Grant Ave
General Information
Standard status
Active
Size
16,711 SF
Property subtype
OFFICE
Occupancy
100%
Listing Agency:
Colliers | Conshohocken
(267) 252-0191
Listed By:
Jeff Algatt · License #RS301789
(267) 252-0191
Source:
Moodyscre
Added: May 28
Changed: Jul 29
Last Checked: Jul 29 at 9:52PM
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 Colliers | Conshohocken
Investment Insights
Based on property information with market context.
3108-3110 Grant Ave is a net-leased medical office space that is currently 100% occupied. The property’s lease expiration is 12/01/2033, supporting long-term continuity for an owner seeking a medically oriented, occupied asset.
Situated in the Greater Northeast of Philadelphia, the property is positioned within a dense population area. Public remarks cite 82,000 total population within two miles of the site and average daily traffic on Grant Avenue of 30,375 vehicles per day.
The building totals 16,711 square feet, and the current tenancy structure is presented as net lease based, with the property being fully occupied. This combination of occupancy, lease timeline, and surrounding demand indicators may be useful for buyers and operators focused on healthcare real estate with established occupancy.
Situated in the Greater Northeast of Philadelphia, the property is positioned within a dense population area. Public remarks cite 82,000 total population within two miles of the site and average daily traffic on Grant Avenue of 30,375 vehicles per day.
The building totals 16,711 square feet, and the current tenancy structure is presented as net lease based, with the property being fully occupied. This combination of occupancy, lease timeline, and surrounding demand indicators may be useful for buyers and operators focused on healthcare real estate with established occupancy.
Key Highlights
- 16,711 SF medical office space
- 100% occupied on a net lease basis
- Lease expiration 12/01/2033
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 | $367.0k | $21.96 |
| − Vacancy | −$73.8k | −$4.41 |
| EGI | $293.2k | $17.55 |
| − OpEx | −$73.3k | −$4.39 |
| NOI | $219.9k | $13.16 |
16,711 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.67M
NOI $219,909 @ 7.0% cap · market cap 5.26%
Second Best
Healthcare Medical
$3.09M
$2.71M – $3.61M
NOI $216,575 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$4.07M
$3.56M – $4.75M
NOI $285,171 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Net-leased medical office space with 100% occupancy and a lease expiration dated December 1, 2033.
Where is this medical office space located?
The property is located at 3108-3110 Grant Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,180,000.
What are key features of this property?
This property features: 16,711 SF medical office space; 100% occupied on a net lease basis; Lease expiration 12/01/2033
