220 South 5th Street (“The Property”) presents a rare opportunity to acquire a fully occupied, 17,618 square foot building plus expansive outdoor adjacencies in the heart of the Society Hill neighborhood of Center City, Philadelphia. This property is strategically positioned between Old City and Society Hill, two of the city’s most historic and supply-constrained submarkets.
The property is currently 100% occupied by Philadelphia Sports Club, an operating trade name of New York Sports Clubs. The existing tenant has occupied the property since 1997. With a lease expiration on November 30th, 2030, the current tenancy provides stable income in the near term with flexibility for re-tenanting, redevelopment or lease extension in the long term.
The building’s large footprint in this high-barrier-to-entry submarket, as well as the outdoor amenities of the pool and tennis court, are extremely rare. Located along South 5th Street at the nexus of Philadelphia’s historic assets, the Property benefits from excellent walkability, strong transit access, and proximity to Independence Mall, Washington Square, Society Hill’s exclusive residential district, and Old City’s retail and hospitality attractions.
