4801 South Broad_Property for Sale
4801 South Broad_Property for Sale
4801 South Broad Street, Philadelphia, PA 19112

4801 South Broad

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of 4801 South Broad (the “Property”), a 33,000 square foot, 4-story office building located in the heart of the Navy Yard, Philadelphia’s fastest growing submarket.


The 33,000 square foot Property benefits from a high level of visibility through its 385 feet of frontage along S Broad, one of the main thoroughfares of Philadelphia. In addition to offering 46 parking spaces, the Property opens up to the historic Marine Parade Grounds, an expansive 8-acre public green space.


The Property is owned by a wholly-owned subsidiary of Ben Franklin Technology Partners of Southeastern Pennsylvania (“Ben Franklin”). The Property is predominantly occupied by Ben Franklin, who upon closing will vacate their space within the building. The remaining tenants, which total 9,570 SF, account for approximately 45% of the Property’s net rentable area (22,000 square feet) and have just over one year of weighted average lease term remaining, providing a rare opportunity for an investor or user to acquire a well-located office building at an attractive basis.


The Navy Yard has quickly become one of Philadelphia’s most desirable submarkets since the start of its redevelopment in 2004. The submarket’s unique environment as a repurposed Naval campus combined with its proximity to the Philadelphia urban core, highway connectivity and advantageous tax benefits have allowed it to attract more than 150 companies and is currently home to over 15,000 employees.

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Attributes

Building area net
33,000 sf
Floors
4 floors
Year built
1900
WAULT
1.4 years
Parking spaces
46
Zoning
CMX-3

Media

Investment highlights

  • Located in the Heart of Philadelphia’s Navy Yard
  • Dynamic Immediate Location with Regional Connectivity & Access
  • Core Submarket with Institutional Ownership
  • Keystone Innovation Zone
4801 South Broad 4_Property for Sale
4801 South Broad 4_Property for Sale

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4801 South Broad (0 Properties)

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Last updated
May 21, 2024