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501 Office Center Drive

Off-Market

501 Office Center Drive, Fort Washington, PA 19034

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  • Property Type Office - General Office
  • Property Size 114,795 Sqft
  • Lot Size 6.92 Acre
  • Parking Spaces Avail. 573
  • Parking Ratio 5.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1970

Location

  • City Fort Washington, PA
  • Zip Code 19034
  • Market Philadelphia

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 17 Aug, 2015
  • Purchase Price $15,900,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Fort Washington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Fort Washington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.75
  • 2020 Office Vacancy Rate 15.54 %
  • 2020 Office Completions (Sqft)
View more Fort Washington market trends

Tax

  • Property Tax in 2021-2022 $390,321
  • Market Value $8,592,200
  • Assessed Value $8,592,200

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 501 Office Center Drive?

501 Office Center Drive totals 114,795 square feet.

When was this property built?

501 Office Center Drive was built in 1970.

When was 501 Office Center Drive last sold?

501 Office Center Drive was last sold on 17 Aug, 2015.

What was the last purchase price for 501 Office Center Drive?

501 Office Center Drive was last sold for $15,900,000.

What is the property tax for 501 Office Center Drive?

The property tax for 501 Office Center Drive in 2021-2022 was $390,321.

What is the market value for 501 Office Center Drive?

The market value for 501 Office Center Drive in 2021-2022 was $8,592,200.

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