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Einstein Plaza Olney

Off-Market

101 East Olney Avenue, Philadelphia, PA 19120

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  • Property Type Office - Medical Office
  • Property Size 70,494 Sqft
  • Lot Size 3.32 Acre
  • Parking Spaces Avail. 218
  • Parking Ratio 3.10/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

Location

  • City Philadelphia, PA
  • Neighborhood Olney
  • Zip Code 19120
  • 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 02 May, 1996
  • Purchase Price $3,000,000
  • Arm's Length
  • Buyer Name

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 $111,565
  • Market Value $7,970,100
  • Assessed Value $7,970,100

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

Frequently Asked Questions

What is the total square footage of Einstein Plaza Olney?

Einstein Plaza Olney totals 70,494 square feet.

When was this property built?

Einstein Plaza Olney was built in 1986.

When was Einstein Plaza Olney last sold?

Einstein Plaza Olney was last sold on 02 May, 1996.

What was the last purchase price for Einstein Plaza Olney?

Einstein Plaza Olney was last sold for $3,000,000.

What is the property tax for Einstein Plaza Olney?

The property tax for Einstein Plaza Olney in 2021 was $111,565.

What is the market value for Einstein Plaza Olney?

The market value for Einstein Plaza Olney in 2021 was $7,970,100.

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