219 E Lehigh Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
219 E Lehigh Ave
26,117 SF Office Building Philadelphia, PA 19125 £4,317,450 (£165/SF) 7.63% Net Initial Yield
Investment Highlights
- Heavily trafficked corridor
- 2024 NOI projected at $429,896 after CPI increase
- 43 year tenancy
- Federal Qualified Opportunity Zone
Executive Summary
Occupied by the Pennsylvania State Department of Public Welfare for the last 43 years, this investment opportunity is not one to pass up. Rent is paid as gross + additional rent on psf basis. Additional rent calculated as CPI annually, is scheduled for 5% increases YOY yielding solid rent bumps for years to come.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
26,117 SF
Building Class
C
Year Built
1990
Price
£4,317,450
Price Per SF
£165
Net Initial Yield
7.63%
NOI
£329,618
Tenancy
Single
Number of Floors
1
Typical Floor Size
26,117 SF
Building FAR
0.57
Land Acres
1.06 AC
Opportunity Zone
Yes
Zoning
ICMX - Industrial Commercial Mixed-Use
Amenities
- Bus Route
- Controlled Access
- Commuter Rail
- Fenced Lot
- Public Transport
- Security System
- Reception
- DDA Compliant
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Pennsylvania Dept of Public Welfare
- Public Administration
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Pennsylvania Dept of Public Welfare | Public Administration | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (78)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 883379118 | Improvements Assessment | £1,807,426 (2024) |
| Land Assessment | £451,857 (2024) | Total Assessment | £2,259,283 (2024) |
PROPERTY TAXES
Parcel Number
883379118
Land Assessment
£451,857 (2024)
Improvements Assessment
£1,807,426 (2024)
Total Assessment
£2,259,283 (2024)
-
Wesley Deming
-
Andi Pesacov
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Company Not Provided
219 E Lehigh Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.