4700 Stenton Ave 28,284 SF 100% Leased Industrial Building Philadelphia, PA 19144 $4,869,515 CAD ($172.16 CAD/SF)

Global Real Estate Advisors (GREA) is pleased to present the unique opportunity to acquire the fee simple interest in 4700 Stenton Avenue, located in the Germantown neighborhood of Philadelphia, Pennsylvania. Germantown is a well-established residential submarket known for its strong rental demand, accessibility, and proximity to major employment centers throughout Northwest Philadelphia and Center City.
4700 Stenton Avenue is an adaptive reuse property comprising 26 apartment units, with a mix of 58% one-bedroom units and 42% two-bedroom units. The Property offers functional layouts and modern kitchens with an industrial feel, providing residents with comfortable living spaces in a stable, workforce housing environment.
The Property is currently 88% occupied with an average in-place rent of $995 per unit, demonstrating consistent tenant demand within the submarket. Based on the current rent roll and pro forma, there is meaningful upside potential through lease-up of vacant units and mark-to-market rent increases.
The asset provides investors with stable in-place cash flow and the opportunity to increase net operating income through operational improvements, improved occupancy, and continued rent growth. It is expected to grow steadily as the surrounding neighborhood continues to gentrify.
Residents at 4700 Stenton Avenue benefit from immediate proximity to a wide range of neighborhood amenities, including nearby retailers such as Save-A-Lot, Rite Aid, Family Dollar, and Germantown Plaza, along with numerous local restaurants and neighborhood-serving businesses along the Germantown Avenue corridor.
The Property is well-positioned with convenient access to public transportation, including the SEPTA Chestnut Hill East Line (Washington Lane Station) and multiple bus routes, including the 23, 53, and 71 lines, providing direct connectivity to Center City Philadelphia and surrounding neighborhoods.
4700 Stenton Avenue in Philadelphia presents investors with the opportunity to acquire a well-located multifamily asset in a strong workforce housing rental submarket, offering durable in-place cash flow with additional upside through lease-up and mark-to-market increases.