
151 Pine Street
151 Pine Street, Darby, PA 19023
Marketing description
Value-Add Cold & Dry Storage Investment Opportunity 101 E Pine Street presents a rare opportunity to acquire a multi-tenant industrial property featuring cold storage, dry warehouse space, office areas, and multiple income-producing units in Delaware County's tightly held industrial market. The approximately 13,098-square-foot facility is configured to accommodate a variety of industrial, storage, distribution, and food-related uses. The property includes refrigerated storage areas, warehouse space, loading access, roll-up doors, office components, and ample operational flexibility for both investors and owner-users. The asset currently generates approximately $212,832 in annual in-place rental income from occupied tenants, including a strong NNN tenant occupying the primary warehouse space. Additional upside exists through the lease-up of currently vacant space and the conversion of owner-occupied space to income-producing tenancy, bringing projected stabilized gross income to approximately $247,632 annually. Property Highlights: 13,098 SF industrial/storage facility Cold storage and dry warehouse capabilities Multi-tenant income-producing asset Existing NNN tenancy in place Multiple loading and access points Office and support space Value-add leasing opportunity Current NOI: Approximately $179,104 Pro Forma NOI: Approximately $213,904 Strategic Delaware County location with convenient access to Philadelphia, I-95, and regional transportation networks Whether acquired as a cash-flowing investment or a future owner-user opportunity, 101 E Pine Street offers stable income, operational flexibility, and meaningful upside through lease-up and active management.
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