1901 Courtland St Philadelphia, PA 19140
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16,000 SF Warehouse, 8.03% Cap Rate
Property size:
16,000 SFProperty Features for 1901 Courtland St
General Information
- Property type
- Distribution properties
- Square Feet
- 16,000 SF
Building Details
- Stories
- 1
Listing Agency: Delphi Property Group, LLC Listing Agent: Jamie Weiner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This fully leased, 16,000-square-foot warehouse in Philadelphia, PA, presents a compelling investment opportunity. Boasting a strong 8.03% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $156,611. The asking price is $1,950,000, translating to $121.88 per square foot. The single-story building is divided into 22 tenant spaces, ranging from 400 to 1,000 square feet, each accessible via keyless entry. Recent renovations totaling approximately $80,000 have enhanced the property's value. A proprietary management software streamlines operations, reducing overhead costs. Tenants, a diverse mix of light industrial businesses, utilize short-term, four-week billing cycles, resulting in 13 billing periods annually. This efficient management system, combined with the high occupancy rate and strong NOI, makes this a highly attractive investment prospect in a prime Philadelphia location. The property is situated at 1901 W Courtland St, Philadelphia, PA 19140. The gross lease structure further simplifies management.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distribution centers
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.156816316178
- Latitude
- 40.024098001671
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FAQs
What type of property is this?
Distribution property - 16,000 SF Warehouse, 8.03% Cap Rate
Where is this distribution property located?
The property is located at 1901 Courtland St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully leased 16,000 SF warehouse in Philadelphia, PA.; 8.03% cap rate and 100% occupancy, generating $156,611 NOI.; Asking price: $1,950,000 ($121.88/SF).
