Description

7.3% Cap Rate | $44,000+ NOI | Fully Occupied Industrial Investment. Located just off Frankford Avenue with immediate access to I-95, 4220-4224 Holmesburg Avenue present a fully leased small-bay industrial asset in the highly desirable Holmesburg section of Northeast Philadelphia. The property offers approximately 4,452 square feet of drive-in warehouse space consisting of two 80’ x 21’ bays (1,680 SF each) and one 52’ x 21’ bay (1,092 SF), along with an additional 300 square foot office space suitable for administrative or support operations. One of the garage bays includes a bathroom for added convenience, and the property features new garage doors, enhancing functionality while minimizing near-term capital expenditures. The 52’ bay is currently connected to one of the 80’ bays but includes its own separate garage door and can easily be demised to create an additional independent unit, providing long-term leasing flexibility. The site also includes a 15-car parking lot, offering valuable on-site parking and outdoor utility rarely found with small-bay industrial properties in the area. The property is fully leased to two strong tenants, with one 80’ bay leased at $1,500 per month and the remaining space, including one 80’ x 21’ bay, one 52’ x 21’ bay, and the 300 square foot office, leased for $3,000 per month on a two-year lease. Tenants are responsible for electric and water, helping to minimize landlord expenses. ICMX zoning permits a wide variety of commercial and light industrial uses including contractor space, warehouse and distribution, storage, and auto-related operations. Annual real estate taxes total $4,888. Conveniently located near Cottman Avenue, Route 1, public transportation, and South Jersey bridges, this is a turnkey, income-producing asset offering stable cash flow in a prime Northeast Philadelphia industrial corridor.