Property profile

1128 Chestnut St Philadelphia, PA 19107

OFF-MARKET
Office Spaces
40,000 SF
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Property summary

AI-generated overview

This exceptional Philadelphia office property, located at 1112-1128 Chestnut Street, offers a rare opportunity to lease high-quality executive office space. The building totals 40,000 square feet and features a flexible layout suitable for a variety of business needs. Currently, there are two contiguous spaces available for lease, ranging from 19,054 to 20,512 square feet. This presents a unique chance to secure a significant footprint in a desirable location. The space is situated on the ground floor and lower level, offering excellent street visibility and accessibility. The building boasts ample parking with 51 spaces available for tenants. The property is classified as both Executive Office and Traditional Office space, catering to diverse business styles and requirements. Situated in Philadelphia County, Pennsylvania, with a zip code of 19107, this location offers easy access to major transportation routes and a vibrant urban environment. The substantial vacant square footage of 39,566 square feet indicates significant potential for customization and expansion. This is an ideal opportunity for a company seeking a prominent presence in the heart of Philadelphia. The minimum divisible space is 19,054 square feet, providing flexibility for businesses of varying sizes. Don't miss this chance to secure your ideal office space in this prime Philadelphia location.

Property profile

Verified
Property type Office Spaces
Total area 40,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Atm
  • Atm
  • Gym & Fitness Center
  • Shopping Center & Mall (Bike/Boat/Book/etc) Store

Location

1128 Chestnut St Philadelphia, PA 19107
Philadelphia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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