Thursday, May 30, 2013

Philadelphia Warehouse Sells for $9.9M

Titanium Asset Management Corp. purchased 10430 Drummond Rd. in Philadelphia, PA from Seneca Real Estate Advisors for $9.93 million, or approximately $199 per square foot. 

The property is a 49,990-square-foot warehouse in the Greater Northeast submarket. Built in 1973, it sits on 3.8 acres zoned G2. The building has 22-foot ceiling heights, three drive-in bays, two cranes, and an external dock with levelator.

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