1901 W Courtland St 16,000 SF Industrial Building Philadelphia, PA 19140 $2,024,084 CAD ($126.51 CAD/SF) 10.76% Cap Rate

As the Exclusive Agent for the Seller, Delphi Property Group, LLC is please to bring to your attention the availability of 1901 West Courtland Street, Philadelphia, PA 19140. This 17,460 square foot property is improved with an industrial building of approximately 16,000 square feet. The building has been partitioned into 22 tenant spaces ranging in size from 400 to 1,000 sf. Partitions were created with wood wall and metal gates and the building, as well as each unit, is accessible via keyless entry.
Since its acquisition in 2022, the seller has made significant improvements the the building and its infrastructure. The building is fully leased and the ownership has developed a proprietary management software that allows prospective tenants to view vacant units and sign agreements without meeting a repressive of the ownership onsite. As a result, ownership significantly reduced their management and overhead costs. Tenants sign E documents similar to typical self storage contracts and can terminate their agreements at any time notably, billing is every four weeks instead of monthly, therefore there are 13 billing periods instead of 12. Tenants are comprised of a mix of light industrial businesses including car detailing, car wrapping, tire recycling, tool storage, cabinet makers and more.
Please reach out for more information on the income and expense items.