For Sale

417 South Street – For Sale

SQ FT: 10,000 - 20,000
  • Single tenant triple-net lease with corporately guaranteed co-working concept Joynture for the entire building
  • Significantly below market rent presents a future value add opportunity to increase base rent by over 90%
  • Landlord responsibility limited to roof and structure
  • Substantial capital spent on building renovations and interior fit-out
  • Ground floor sublease to Kicks USA at a per square foot rent that is more than double the Joynture base rent
  • Located between the highly affluent Society Hill and Queen Village neighborhoods, with average household incomes over $130,000 within a half mile of the property
  • One block north of significant development projectsincluding a boutique hotel and new Target store
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