Northeast Philadelphia Industrial Portfolio

Location: Philadelphia, PA
Type: Industrial
Price: $ 29,000,000

SMC has provided a $29,000,000 loan for the refinance of a 14 property industrial portfolio consisting of 1,094,191 SF located in northeast Philadelphia, known as the Northeast Philadelphia Industrial Portfolio. The Properties are all located within one mile of each other and are situated within the northeast Philadelphia industrial market, which is considered a major industrial corridor that benefits from exceptional access to Interstate 276 (Pennsylvania Turnpike) and Interstate 95 (Delaware Expressway), as well as its close proximity to New York City (80 miles), Baltimore (120 miles) and Washington DC (160 miles).