Kitchen and Bath Furnishings
Hot Growing Manufacturing/ Distributor of Kitchen and Bath Proprietary Furnishings Philadelphia, PA 19102
Hot Growing Manufacturing/ Distributor of Kitchen and Bath Proprietary Furnishings, Philadelphia, PA, 19102
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For Sale
Contact for pricing
120,000 SF warehouse for kitchen and bath furnishings distributor.
Property Size120,000 SF
Price / SF$291.67
Days on Market1056
Property Features for Hot Growing Manufacturing/ Distributor of Kitchen and Bath Proprietary Furnishings
General Information
- Standard status
- Active
- Size
- 120,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2001
Listing agency
Lisiten Associates Inc
Listed by
Skip Warner · License #NY
Source
Crexi
Added: Aug 31, 2023 Updated: Jul 6 at 8:19AM Checked: Jul 19 at 4:41AM
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 Lisiten Associates Inc
Investment Insights
Based on property information with market context.
This 120,000 square foot warehouse is occupied by a company specializing in kitchen, bathroom, flooring, appliances, cabinetry, countertops, bathroom faucets, vanity units, shower doors, and other kitchen and bath remodeling products. The company is a well-known business with loyal staff and clients, and posts strong earnings. Their inventory is high quality and fully upgraded, with same-day delivery service. The company's pricing is competitive. The company has been showing amazing growth and continually robust earnings, with vast national growth potential. Their entire inventory is designed, manufactured, and imported from China, Switzerland, and Malaysia. The warehouse is meticulously filled with inventory and is clean and well-organized. The property is located in Middle City East, PA.
Key Highlights
- High‑quality, fully upgraded inventory of kitchen and bath remodeling products.
- Strong earnings and a well‑known, highly regarded business.
- Phenomenal and extremely competitive pricing.
Local Financial Insights For Retail
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 | $2.16M | $18.00 |
| − Vacancy | −$222.5k | −$1.85 |
| EGI | $1.94M | $16.15 |
| − OpEx | −$581.3k | −$4.84 |
| NOI | $1.36M | $11.30 |
120,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$19.38M
$16.95M – $22.60M
NOI $1,356,264 @ 7.0% cap · market cap 3.88%
Second Best
Warehouse
$17.53M
$15.34M – $20.46M
NOI $1,227,427 @ 7.0% cap · market cap 3.51%
Theoretical Best
Multifamily LT 5
$29.25M
$25.60M – $34.13M
NOI $2,047,787 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Showrooms
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FAQs
What type of property is this?
Warehouse - 120,000 SF warehouse for kitchen and bath furnishings distributor.
Where is this warehouse located?
The property is located at Hot Growing Manufacturing/ Distributor of Kitchen and Bath Proprietary Furnishings Philadelphia, PA.
What is the asking price?
The asking price for this property is $35,000,000.
What are key features of this property?
This property features: High‑quality, fully upgraded inventory of kitchen and bath remodeling products.; Strong earnings and a well‑known, highly regarded business.; Phenomenal and extremely competitive pricing.
