9150 Marshall Street, Philadelphia, PA
North East Medical Center
9150 Marshall Street
Philadelphia, PA 19114
Premier Investment Opportunity in Philadelphia
Property Type: Investment, Medical
Price:
Call for information
Spaces Available / Floor Plans:
+/-29,000 SF
Value Add Class ‘C’ Medical Office Building (MOB)
Regionally recognized/specialty practice medical tenants offering diverse, complimentary medical uses
Long term tenancy
Staggered rent expirations and renewals diminish retaining costs and reduce vacancy exposure
Located off of Roosevelt Blvd (Route 1) & Welsh Road – Northeast Philadelphia, Philadelphia County, PA
Wolf Commercial Real Estate (WCRE | CORFAC International), as an exclusive broker, is pleased to present a +/- 29,600 SF Medical Office investment opportunity at 9150 Marshall Street in Northeast Philadelphia, PA. This 75% leased asset offers investors stable in-place income alongside a clear value-add opportunity through the lease-up of approximately 7,600 SF of vacancy and the extension of tenants with near-term expirations. The asset features an overall average weighted remaining lease term of 4 years and 2 months, with active discussions underway to renew and extend existing tenancy. The anchor tenant, occupying 16,550 SF, is under lease through 2034, providing long-term income stability. The property currently generates $405,555 in annual income, with a conservatively projected potential income of $516,028 – representing a 27%increase in net operating income through vacancy lease-up and property stabilization. This projection is based on achieving market rents for the remaining7,600 SF of vacant space under current leasing conditions. This offering provides investors with immediate cash flow through sticky tenancy and the opportunity to enhance long-term returns through strategic leasing and enhanced asset management.
For More Information Contact
- Todd Monahan - Todd.Monahan@wolfcre.com
- Call Now: 215 799-6145
- Joseph Fox - joseph.fox@wolfcre.com
- Call Now: 215 799 6900
- Andrew Koller - andrew.koller@wolfcre.com
- Call Now: 610 505 5504
