5400 Walnut Street, Philadelphia, PA 19139

The Penn Building is a mixed-use apartment community located at 5400 Walnut Street in the desirable Walnut Hill section of West Philadelphia. Situated on a prominent southwest corner with frontage along 54th Street and Walnut Street, the Property consists of ~11,160 square feet and benefits from excellent visibility and accessibility within one of Philadelphia’s strongest rental submarkets.

The Penn Building consists of 14 residential units featuring an attractive unit mix of (5) studio units, (8) one-bedroom apartments, and (1) two-bedroom apartment. The apartments feature open floor plans, modern kitchens with stainless steel appliances, and functional layouts that appeal to the surrounding renter demographic.

The Property offers immediate value-add potential through continued unit upgrades and operational improvements. Current in-place rents remain approximately $100 to $300 below market, providing new ownership with the opportunity to increase revenue and improve overall cash flow. Additionally, the Property includes a fully leased ground-floor commercial space occupied by a long-term grocery tenant, providing stable supplemental income to the asset.

Residents benefit from proximity to several of Philadelphia’s largest educational and medical institutions, including Drexel University, the University of Pennsylvania, Penn Medicine, the Children’s Hospital of Philadelphia, St. Joseph’s University, and the University City Science Center. Further, the Penn Building is conveniently located near regional rail, trolley, and bus lines, in addition to nearby retail, restaurants, and neighborhood amenities throughout West Philadelphia.

The Penn Building presents investors with the opportunity to acquire a well-located mixed-use asset with stable in-place cash flow, meaningful rental upside, and long-term demand drivers supported by the continued growth of University City and West Philadelphia.