Philadelphia · Commercial sale
Office building at 8800 Tinicum Blvd in Philadelphia sells for $42 million
An office building at 8800 Tinicum Blvd, Philadelphia sold for $42,000,000 on August 7, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $42,000,000
- Sold
- August 7, 2026
- Property type
- Office building
- Building area
- 488,254 sq ft
- Price per sq ft
- $86
- Year built
- 1997
An office building at 8800 Tinicum Blvd in Philadelphia sold for $42,000,000, a price 38% above the $30,420,000 market value on record, according to the Philadelphia Office of Property Assessment. The sale closed August 7, 2026, per the Philadelphia Department of Records' real estate transfer records.
At that price, the building works out to $86 per square foot. The Office of Property Assessment's records show 488,254 square feet of building area, a 1997 construction date and a 31.56-acre lot.
The record lists Sir Philadelphia LLC as the seller and City of Philadelphia and Department of Aviation as the buyer. An aerial photo of the property shows its setting: the site holds a large parking lot.
The most recent earlier sale on record was $72,562,000 in 2013.
What this sale costs to close
What does closing cost at this price? Under Philadelphia custom the seller's larger charges are $751,380 for the philadelphia realty transfer tax and $210,000 for the state realty transfer tax. The seller's estimated net is $40,786,420 before brokerage commissions and any loan payoff. A cash buyer would need about $43,290,405 at closing.
Source: Philadelphia Department of Records, real estate transfers (OpenDataPhilly), document 54582859. Property details: Philadelphia Office of Property Assessment. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
