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3800 Frankford Ave 132,000 SF Industrial Building Philadelphia, PA 19124 For Sale
Investment Highlights
- Large lot with approximately 129,127 square feet of building area.
- Located in the Kensington neighborhood of Philadelphia, providing access to a dense urban workforce.
- Property has a history of commercial renovation and utility upgrades, including plumbing and electrical permits.
- Zoned I-2, suitable for heavy industrial uses.
- Proximity to major roadways and public transportation options for convenient logistics.
Executive Summary
Binswanger is pleased to offer this investment opportunity in the North Philadelphia Submarket. The properties consists of approximately 132,000 SF on approx. 5.5 acres and is conveniently located near I-95 and the Aramingo Avenue Interchange
Year-over-year, market rents have increased by 1.6% for logistics buildings, 2.0% for flex buildings, and 2.8% for specialized industrial buildings. In Northeast Philadelphia, the estimated industrial market pricing stands at $100 per square foot, notably below the market average of $131 per square foot. The area's estimated market capitalization rate is 7.5%, slightly higher than the market average of 7.2%.
The industrial market has seen significant acceleration, driven by rising demand for e-commerce and online order fulfillment. This has fueled growth in last-mile warehousing needs and led to a corresponding increase in institutional ownership across the sector.
Year-over-year, market rents have increased by 1.6% for logistics buildings, 2.0% for flex buildings, and 2.8% for specialized industrial buildings. In Northeast Philadelphia, the estimated industrial market pricing stands at $100 per square foot, notably below the market average of $131 per square foot. The area's estimated market capitalization rate is 7.5%, slightly higher than the market average of 7.2%.
The industrial market has seen significant acceleration, driven by rising demand for e-commerce and online order fulfillment. This has fueled growth in last-mile warehousing needs and led to a corresponding increase in institutional ownership across the sector.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1943 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 14’ |
| Lot Size | 4.87 AC | No. Dock-High Doors/Loading | 17 |
| Rentable Building Area | 132,000 SF | ||
| Zoning | G2 - General Industrial | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.87 AC |
| Rentable Building Area | 132,000 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Tenancy | Single |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 17 |
| Zoning | G2 - General Industrial |
Amenities
- Property Manager on Site
Utilities
- Water - City
- Sewer - City
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Strong public transit
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 884203000 | Improvements Assessment | $2,347,555 CAD |
| Land Assessment | $1,006,095 CAD | Total Assessment | $3,353,651 CAD |
Property Taxes
Parcel Number
884203000
Land Assessment
$1,006,095 CAD
Improvements Assessment
$2,347,555 CAD
Total Assessment
$3,353,651 CAD
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3800 Frankford Ave
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