Rosemont, IL – April 30, 2021 – Venture One Real Estate through its acquisition fund, VK Industrial V, LP, a partnership between Venture One and Kovitz Investment Group, has closed on the acquisition of a 17 acre, fully lit and secured industrial outdoor storage (IOS) facility located at 6501 Essington Avenue in Philadelphia, Pennsylvania. The property was fully leased at acquisition.
The 17 acre site features a 6,575 SF freestanding office building and a 34,520 SF repair/maintenance facility equipped with 15 drive-in repair bays and floor drains. The site can accommodate over 475 trailers, 1,050 sprinter vans, fleet maintenance, and outdoor storage. It is located less than 3 miles from Philadelphia International Airport (PHL), 6 miles from Center City Philadelphia and has direct access to I-95 and I-76 via Essington Avenue.
Chris Pennington of Binswanger represented the Seller in the Transaction.