Large-Scale Industrial
4343 Whitaker Ave, Philadelphia, PA 19120
For Sale
Contact for pricing
Existing tenants and available space provide a choice between occupancy and a potential leaseback arrangement.
Property Size93,571 SF
Price / SF$85.50
Days on Market37
Property Features for 4343 Whitaker Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Tenant in Place
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Brian Higgins · License PA RS335804
(215) 531-7093
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 12 at 5:24AM
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 Marcus & Millichap - Philadelphia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property contains approximately 93,571 square feet and is 71.6% occupied. About 26,571 square feet is vacant. Ownership is willing to lease back that space, while the available area could also accommodate a buyer’s own operations alongside the existing tenancies.
The facility is in Northeast Philadelphia, with access to I-95, Route 1 and Center City Philadelphia. Its location also places it near a dense labor pool and within the broader Mid-Atlantic distribution network.
The facility is in Northeast Philadelphia, with access to I-95, Route 1 and Center City Philadelphia. Its location also places it near a dense labor pool and within the broader Mid-Atlantic distribution network.
Key Highlights
- Approximately 93,571 square feet of industrial space
- 71.6% occupied, with approximately 26,571 SF available
- Ownership is willing to lease back the vacant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$682,481
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,649,620
$13.6M
Cap Rate 7%
$9,749,729
$9.7M
Cap Rate 9%
$7,583,122
$7.6M
Market Conditions
NOI Build-Up for 93,571 SF
Gross rent
$1.07M $11.40/SF
− Vacancy
−$91.7K −$0.98/SF
EGI
$975.0K $10.42/SF
− OpEx
−$292.5K −$3.13/SF
NOI
$682.5K $7.29/SF
Area
ZIP 19120
Vacancy
8.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,649,620
Cap Rate 7%
$9,749,729
Cap Rate 9%
$7,583,122
Alternative Uses
Best Use
Warehouse
$13.67M
$11.96M – $15.95M
NOI $957,097 @ 7.0% cap · market cap 11.96%
Second Best
Industrial
$9.75M
$8.53M – $11.37M
NOI $682,481 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$22.35M
$19.56M – $26.08M
NOI $1,564,645 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
71.6%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Philadelphia, PA
Properties on Market for Industrial properties in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Industrial property - Existing tenants and available space provide a choice between occupancy and a potential leaseback arrangement.
Where is this industrial property located?
The property is located at 4343 Whitaker Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Approximately 93,571 square feet of industrial space; 71.6% occupied, with approximately 26,571 SF available; Ownership is willing to lease back the vacant space
