2801 Grant Ave | Philadelphia, PA 19114
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- LoopNet Team
2801 Grant Ave
Philadelphia, PA 19114
Fusion Gyms | Center for Autism · Office Property For Sale
Investment Highlights
- Generates over 140bps of positive unlevered yield growth and over 400bps of positive levered yield growth over the base term of the leases.
- Heavy tenant and landlord investment, low rents PSF, 7+ acres of land in an urban setting, exceptional demographics and a highly-visible location.
- The Center for Autism was recently acquired by Public Health Management Corp., strengthening its credit.
- CFA has never missed a rental payment; Fusion Gyms has been paying full rent since February 2021 and has worked out a payment plan for COVID arrears.
- Each tenant’s lease is a true-NNN structure with all taxes, insurance and common area maintenance expenses reimbursed.
- The subject property is in a densely populated and growing, infill section of Philadelphia (195,930 people within 3 miles).
PROPERTY FACTS
Property Type
Building Size
30,865 SF
Building Class
C
Year Built/Renovated
1965/2015
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
30,865 SF
Building FAR
0.10
Lot Size
7.37 AC
Zoning
I2 - Medium Industrial District
Parking
147 Spaces (4.76 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 882972025 | Improvements Assessment | £1,493,772 |
| Land Assessment | £3,485,468 | Total Assessment | £4,979,241 |
PROPERTY TAXES
Parcel Number
882972025
Land Assessment
£3,485,468
Improvements Assessment
£1,493,772
Total Assessment
£4,979,241
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