East Wick Office Building

2821 Island Ave Philadelphia, PA 19153

FOR SALE
Property Type:
Other Special Purpose
Amount:
$7,500,000
Last Verified:
Feb 03, 2021

Highlights

  • Only fifty percent occupied
  • Tremendous value add
  • Five minutes from Philadelphia international airport
  • Walking distance to retail
  • Ample parking

Description

Sitting along the primary artery in the East Wick section of the city, this is a 43,000 square-foot building with long term tenants and tremendous space for added vale.

Primary tenant pays reimbursement of 38% of expenses to landlord and all other tenants pay a percentage of taxes as reimbursement.

Lease

Building Size: 43800sq ft
Building Class: C
Lot Size: 3.44 acres

Map of 2821 Island Ave, Philadelphia, PA, 19153

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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