13000 Townsend RdPhiladelphia, PA 19154

Property Details for 13000 Townsend Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.56 AC

Property size (Sq ft)

131,987 SF

Zone code

I1

Property type

Warehouses

APN

88-4-2925-13

APU

884292513

Description

This exceptional Class A office building, located at 13000 Townsend Rd, Philadelphia, PA 19154, presents a unique investment opportunity. The 127,584 square foot, single-tenant property is fully occupied by the U.S. Department of the Treasury – Bureau of Fiscal Service (BFS), a tenant with a AAA Fitch credit rating, guaranteed by the full faith and credit of the U.S. Federal Government. The BFS utilizes this facility as the Philadelphia Financial Center, manufacturing and distributing IRS refund checks and handling regional federal wire transfers. The building, constructed in 1994 and renovated in 2018, sits on a 10.56-acre lot and features one story. A new 5-year lease extension (with a 3-year non-cancellable term) has recently been signed by the General Services Administration (GSA), providing long-term stability and predictable income. The property boasts a Level 4 security system, reflecting the mission-critical nature of its operations. The asking price is $21,800,000, offering a compelling return on investment backed by a financially secure, government-backed tenant. This fee-simple ownership opportunity provides significant upside potential. The property's strategic location in Philadelphia, the sixth most populous city in the U.S., further enhances its value.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.1086

Longitude

-74.9775

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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