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401 North Broad Street

Off-Market

401 North Broad Street, Philadelphia, PA 19108

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Data Center
  • Property Size 1,400,794 Sqft
  • Lot Size 2.71 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1931

Location

  • City Philadelphia, PA
  • Neighborhood Callowhill
  • Zip Code 19108
  • 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 06 Mar, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Philadelphia

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 Philadelphia Office Market

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

  • 2020 Avg. Asking Rent $32.12
  • 2020 Office Vacancy Rate 9.03%
  • 2020 Office Completions (Sqft) 149,828

Philadelphia Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $317.50
  • Y-o-Y Avg. PpSF Change -8.60%
  • 2020 Office Sales Volume $507.3M
  • 2020 Number of Transactions 7
View more Philadelphia market trends

Tax

  • Property Tax in 2021 $3,503,265
  • Market Value $250,269,000
  • Assessed Value $250,269,000

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

Frequently Asked Questions

What is the total square footage of 401 North Broad Street?

401 North Broad Street totals 1,400,794 square feet.

When was this property built?

401 North Broad Street was built in 1931.

When was 401 North Broad Street last sold?

401 North Broad Street was last sold on 06 Mar, 2014.

What is the property tax for 401 North Broad Street?

The property tax for 401 North Broad Street in 2021 was $3,503,265.

What is the market value for 401 North Broad Street?

The market value for 401 North Broad Street in 2021 was $250,269,000.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.