417 South Street – For Sale

Listed for Sale
417 South Street
Philadelphia, PA 19147

Single tenant triple-net lease with corporately guaranteed co-working concept Joynture for the entire building

Significantly below market rent presents a future value add opportunity to increase base rent by over 90%

Landlord responsibility limited to roof and structure

Substantial capital spent on building renovations and interior fit-out

Ground floor sublease to Kicks USA at a per square foot rent that is more than double the Joynture base rent

Located between the highly affluent Society Hill and Queen Village neighborhoods, with average household incomes over $130,000 within a half mile of the property

One block north of significant development projects including a boutique hotel and new Target store

MORE ABOUT THIS PROPERTY

Contact John (JP) Colussi215.883.7372 BIO

Contact Will Moscowitch215.883.7392 BIO