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2951 Orthodox Street

Mitsubishi Electric Trane HVAC Signs 489,000 Square Foot Lease With Kurv Industrial In Philadelphia
LEASEDIndustrial

Mitsubishi Electric Trane HVAC Signs 489,000 Square Foot Lease With Kurv Industrial In Philadelphia

2951 Orthodox Street

Building Size

489,000 SF

Asset Type

Industrial

Closing

Jul 22, 2026

AI

The property involved in this transaction is an industrial asset located at 2951 Orthodox Street in Philadelphia, PA. The total square footage of the leased space is 489,000, situated within an 890,000-square-foot industrial complex that was completed in 2023. Additionally, there remain over 250,000 square feet available for lease in the larger building.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 2951 Orthodox Street
  • Market: Philadelphia, PA
  • Landlord: Kurv Industrial
  • Tenant: Mitsubishi Electric Trane HVAC

This lease agreement was signed by Mitsubishi Electric Trane HVAC, marking a significant step for the company in establishing its presence in the industrial sector. Kurv Industrial represents the landlord in this transaction, overseeing the leasing details for their extensive industrial complex.

Players

KI
Kurv IndustrialLandlord
MH
Mitsubishi Electric Trane HVACTenant

Philadelphia Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93