9150 Marshall St 29,600 SF 75% Leased Office Building Philadelphia, PA 19114 For Sale

NorthEast Medical Center at 9150 Marshall Street presents a compelling investment opportunity in one of Northeast Philadelphia’s most established medical corridors. This two-story, 29,600 SF Class C medical office building is 75% occupied, anchored by SOAR Corp under a long-term lease through 2034, ensuring durable income stability. Additional tenancy includes Harmony Wellness and Roth Ear, Nose & Throat, both with renewal discussions underway, further reinforcing the property’s strong medical positioning.
Priced at $5,000,000 with an attractive 8.11% cap rate, the asset currently generates $405,555 in annual income, with a projected upside to $516,028 through the lease-up of approximately 7,600 SF of vacancy. This represents a 27% NOI increase, offering investors a clear path to value creation. The building’s staggered lease expirations minimize rollover risk, while its location off Roosevelt Boulevard provides seamless regional connectivity.
Surrounded by high-traffic retail destinations such as Federal Realty’s Northeast Shopping Center and The Court at Grant Avenue, the property benefits from strong consumer draw and a dense residential population. Nearby Northeast Philadelphia Airport supports medical transport and corporate aviation, adding to the site’s strategic appeal. With demographics boasting over 512,000 residents within three miles and average household incomes exceeding $96,000, this asset is positioned for sustained demand from healthcare providers seeking proximity to patients and complementary practices.