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Airport Business Center - 200 Stevens Drive

Off-Market

200 Stevens Drive, Philadelphia, PA 19113

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  • Property Type Office - General Office
  • Property Size 208,000 Sqft
  • Lot Size 13.44 Acre
  • Parking Spaces Avail. 832
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1987

Location

  • City Philadelphia, PA
  • Neighborhood Essington
  • Zip Code 19113
  • Market Philadelphia

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 29 Aug, 2013
  • Purchase Price $38,714,185
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity 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 $834,425
  • Market Value $27,351,480
  • Assessed Value $27,351,480

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

Frequently Asked Questions

What is the total square footage of Airport Business Center - 200 Stevens Drive?

Airport Business Center - 200 Stevens Drive totals 208,000 square feet.

When was this property built?

Airport Business Center - 200 Stevens Drive was built in 1987.

When was Airport Business Center - 200 Stevens Drive last sold?

Airport Business Center - 200 Stevens Drive was last sold on 29 Aug, 2013.

What was the last purchase price for Airport Business Center - 200 Stevens Drive?

Airport Business Center - 200 Stevens Drive was last sold for $38,714,185.

What is the property tax for Airport Business Center - 200 Stevens Drive?

The property tax for Airport Business Center - 200 Stevens Drive in 2021 was $834,425.

What is the market value for Airport Business Center - 200 Stevens Drive?

The market value for Airport Business Center - 200 Stevens Drive in 2021 was $27,351,480.

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