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2137 Welsh Rd 3,625 SF Medical Condo Unit Offered at $1,941,893 CAD in Philadelphia, PA 19115
Investment Highlights
- Strategically positioned at the corner of Roosevelt Blvd (39,274 VPD) and Welsh Road (22,344 VPD) providing strong visibility within a well-establishe
- Six (6) years remaining on an initial seven (7) year lease term, featuring one (1) five-year renewal option and 2.5% annual rental escalations, provid
- Modified gross lease structure within a professionally managed medical office condominium association, offering a low- maintenance, stable investment
- Located in Northeast Philadelphia, the property serves nearly 220,000 residents within a 3-mile radius, with an average household income exceeding $97
- Leased to Dental 365, a leading New York-based Dental Support Organization with 160+ locations nationwide
Executive Summary
MSC Retail is pleased to exclusively present a single-tenant investment opportunity leased to Dental 365, a premier New York-based Dental Support Organization (DSO) operating more than 160 practices nationwide. The asset is a medical office condominium strategically positioned along Welsh Road, benefiting from strong visibility and traffic counts of 22,344 vehicles per day (VPD). The property is located just off Roosevelt Boulevard (U.S. Route 1) with traffic counts of 39,274 VPD, one of Philadelphia’s primary commercial arteries, providing exceptional regional accessibility and connectivity throughout Northeast Philadelphia. Situated in Northeast Philadelphia, one of the city’s most densely populated and established residential submarkets, the property benefits from a strong demographic profile and consistent healthcare demand. The immediate trade area features stable household incomes and a dense population base supporting long-term medical tenancy. Dental 365 recently acquired the long-standing dental practice at this location, which has successfully operated at the site for over 10 years and as a practice for over 60 years, further reinforcing site stability, patient retention, and recurring revenue. The lease provides six (6) years of remaining term on the initial seven (7) year agreement, with one (1) five-year renewal option and 2.5% annual rental escalations. The corporate-backed guarantee from Prem
Property Facts
| Total Building Size | 20,000 SF | Typical Floor Size | 6,667 SF |
| Property Type | Office (Condo) | Year Built | 1983 |
| Property Subtype | Medical | Lot Size | 0.71 AC |
| Building Class | B | Parking Ratio | 4.15/1,000 SF |
| Floors | 3 | ||
| Zoning | CMX2 - Allows for a variety of uses, including medical office by right | ||
| Total Building Size | 20,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,667 SF |
| Year Built | 1983 |
| Lot Size | 0.71 AC |
| Parking Ratio | 4.15/1,000 SF |
| Zoning | CMX2 - Allows for a variety of uses, including medical office by right |
Amenities
- 24 Hour Access
- Controlled Access
- Partitioned Offices
- Air Conditioning
1 Unit Available
Unit 3C, 3D, 3E
| Unit Size | 3,625 SF | Sale Type | Investment |
| Price | $1,941,893 CAD | Cap Rate | 7.00% |
| Price Per SF | $535.69 CAD | NOI | $135,932.48 CAD |
| Condo Use | Medical |
| Unit Size | 3,625 SF |
| Price | $1,941,893 CAD |
| Price Per SF | $535.69 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $135,932.48 CAD |
Presented by
2137 Welsh Rd
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