Hessian Hill One - 780 5th Avenue - 780 5th Avenue, King of Prussia, PA

Property Type Industrial - Warehouse/Distribution
Property Size 96,875 SF
Lot Size 11.03 Acre
Parking Spaces Avail. 282
Parking Ratio 2.92/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1978

City King of Prussia, PA
Neighborhood Cannon Run
Zip Code 19406
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 12 Jan, 2021
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in King of Prussia

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

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in King of Prussia Office Market

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

2020 Avg. Asking Rent $33.61
2020 Office Vacancy Rate 23.58%
2020 Office Completions (SF)

View more King of Prussia market trends

Tax

Property Tax in 2022-2023 $128,038
Market Value* $4,500,000
Assessed Value $4,500,000

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Hessian Hill One - 780 5th Avenue?

Hessian Hill One - 780 5th Avenue totals 96,875 square feet.

When was this property built?

Hessian Hill One - 780 5th Avenue was built in 1978.

When was Hessian Hill One - 780 5th Avenue last sold?

Hessian Hill One - 780 5th Avenue was last sold on 12 Jan, 2021.

What is the property tax for Hessian Hill One - 780 5th Avenue?

The property tax for Hessian Hill One - 780 5th Avenue in 2022-2023 was $128,038.

What is the market value for Hessian Hill One - 780 5th Avenue?

The market value* for Hessian Hill One - 780 5th Avenue in 2022-2023 was $4,500,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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