Pennbrook Portfolio- Available
Center City Philadelphia | 29-UNIT MULTIFAMILYPORTFOLIO
The buildings are located at:
716 South Street
716 S 2nd Street
2027 Pine Street
750–752 S Martin Street
902 Spruce Streets
Trophy Commercial Real Estate is pleased to present the Pennbrook Portfolio, a 29-unit mixed-use multifamily offering located across five prime Center City Philadelphia addresses. The portfolio is comprised of well-located, stabilized assets with strong in-place cash flow and a clear path to rent growth in one of the city’s most supply-constrained urban submarkets.
The portfolio includes a diverse mix of 1-, 2-, and 3-bedroom residential units, along with ground-floor retail at select properties, providing both income diversification and long-term resilience. Assets are situated within highly walkable neighborhoods with immediate access to major employment centers, universities, transit, and cultural amenities—driving durable rental demand and long-term tenant retention.
Pennbrook is currently operating with a strong in-place cap rate of 6.74%, supported by efficient operations and below-market rents across a meaningful portion of the residential units. With approximately 13.5% loss-to-lease, the portfolio offers investors a defined and executable value-add strategy through rent normalization while maintaining stable occupancy. Upon stabilization, projected NOI increases to approximately $645,883, equating to an 8.07% stabilized cap rate at the offering price.
This offering provides investors with immediate scale, diversified income streams, and exposure to some of Philadelphia’s most desirable urban infill locations—positioning the Pennbrook Portfolio as a compelling opportunity for private capital, syndicators, and 1031 exchange buyers seeking durable cash flow with embedded upside.
Investment Highlights
29-Unit Mixed-Use Portfolio across five well-located Center City assets
Strong In-Place Cash Flow with a 6.74% going-in cap rate
Clear Rent Growth Upside with approximately 13.5% loss-to-lease
Stabilized Yield of 8.07% at market rents
Efficient Operating Profile with expenses ~26% of EGI
Diversified Unit Mix, including residential and ground-floor retail
High-Barrier Urban Infill Locations with consistent tenant demand
Financing-Friendly Asset Profile appealing to private and institutional buyers
Asking Price: $8,000,000
Price per Unit: $275,862
Price per SF: $272.43
Cap Rate: 6.74%
Deal Team
-

Craig Thom
Managing Director
267-223-4202
Craig@Trophycommercial.com
PA: RS326511here -

Saam Tashayyod
Managing Director
215-608-3734
Saam@Trophycommercial.com
PA Broker of Record: RM425803 -

Leonardo Presta
Senior Associate
267-756-2602
Leonardo@Trophycommercial.com
PA: RS380257