2025 Washington Ave, Philadelphia, PA 19146
Creative office or flex warehouse space, renovated in 2012-2013.
- Added:
- Aug 15, 2024
- Days on Market:
- 682
- Last Refresh:
- May 13 at 8:09 pm
Property Features for 2025 Washington Ave
General Information
- Standard status
- Active
- Size
- 21,646 SF
- Property subtype
- Office
Listing office Scott Realty Group LLC (610) 637-1039
Listing date Aug 15, 2024
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 Scott Realty Group LLC
HighLights
- Fully rebuilt and renovated in 2012‑2013
- Great creative office area suitable for contractors, engineers, art studios, or flex warehouse/office
- Massive electrical service
- Sprinklered
- Elevator
- Additional 12,200 SF warehouse space adjacent to this property can be leased, totaling 38,846 SF
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 | $475.3k | $21.96 |
| − Vacancy | −$95.5k | −$4.41 |
| EGI | $379.8k | $17.55 |
| − OpEx | −$95.0k | −$4.39 |
| NOI | $284.9k | $13.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.177755
- Latitude
- 39.939616
