This 115,016 square foot industrial building is fully leased to Herc Rentals and Capstone Logistics with a WALT of 4.17 years. The property is located immediately off of I-95 in Delaware County, PA and offers direct connectivity to the Philadelphia MSA via I-476/PA Turnpike, Route 1, and I-295, all of which are within a short reach of the property. Furthermore, the central location within the Northeast provides easy access to NYC, Washington DC and Baltimore inside a two-hour drive. Notable tenants in this area include 3M, Boeing, Cintas, FedEx, Frito Lay, Kimberly Clark, RedBull and USPS.
The property features mostly 16-18 foot clear heights, 17 loading positions, 74 trailer parks, and four drive-in doors. Fully occupied by two high growth private tenants, the property has a WALT of 4.17 years with contract rent well below market. 3033 Market Street represents an opportunity to acquire an industrial asset in a high demand pocket of the Philadelphia market with the opportunity to grow NOI in the near term.