Bldg 100 - Innovation Center | 4801 S Broad St
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Bldg 100 - Innovation Center 4801 S Broad St
32,000 SF 100% Leased Office Building Philadelphia, PA 19112 For Sale
Executive Summary
The 33,000 square foot Property benefits from a high level of visibility through its 385 feet of frontage along S Broad, one of the main
thoroughfares of Philadelphia. In addition to offering 46 parking spaces, the Property opens up to the historic Marine Parade Grounds,
an expansive 8-acre public green space.
The Property is owned by a wholly-owned subsidiary of Ben Franklin Technology Partners of Southeastern Pennsylvania (“Ben Franklin”).
The Property is predominantly occupied by Ben Franklin, who upon closing will vacate their space within the building. The remaining
tenants, which total 9,570 SF, account for approximately 45% of the Property’s net rentable area (22,000 square feet) and have just over
one year of weighted average lease term remaining, providing a rare opportunity for an investor or user to acquire a well-located office
building at an attractive basis
thoroughfares of Philadelphia. In addition to offering 46 parking spaces, the Property opens up to the historic Marine Parade Grounds,
an expansive 8-acre public green space.
The Property is owned by a wholly-owned subsidiary of Ben Franklin Technology Partners of Southeastern Pennsylvania (“Ben Franklin”).
The Property is predominantly occupied by Ben Franklin, who upon closing will vacate their space within the building. The remaining
tenants, which total 9,570 SF, account for approximately 45% of the Property’s net rentable area (22,000 square feet) and have just over
one year of weighted average lease term remaining, providing a rare opportunity for an investor or user to acquire a well-located office
building at an attractive basis
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
32,000 SF
Building Class
B
Year Built/Renovated
1990/2007
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
16,000 SF
Land Acres
180.98 AC
Zoning
CMX-3
Parking
46 Spaces (1.44 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 788004001 | Improvements Assessment | £9,434,868 |
| Land Assessment | £5,307,113 | Total Assessment | £14,741,981 |
PROPERTY TAXES
Parcel Number
788004001
Land Assessment
£5,307,113
Improvements Assessment
£9,434,868
Total Assessment
£14,741,981
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Bldg 100 - Innovation Center | 4801 S Broad St
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