Kitchen and Bath Furnishings
For Sale
Contact for pricing
Hot Growing Manufacturing/ Distributor of Kitchen and Bath Proprietary Furnishings, Philadelphia, PA 19102
120,000 SF warehouse for kitchen and bath furnishings distributor.
Property Size120,000 SF
Price / SF$291.67
Days on Market1102
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
Changed: Sep 3
Last Checked: Sep 4 at 12:36PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,356,264
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,125,280
$27.1M
Cap Rate 7%
$19,375,200
$19.4M
Cap Rate 9%
$15,069,600
$15.1M
Market Conditions
NOI Build-Up for 120,000 SF
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.
Gross rent
$2.16M $18.00/SF
− Vacancy
−$222.5K −$1.85/SF
EGI
$1.94M $16.15/SF
− OpEx
−$581.3K −$4.84/SF
NOI
$1.36M $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$27,125,280
Cap Rate 7%
$19,375,200
Cap Rate 9%
$15,069,600
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25,789
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
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.
