SEPTA has purchased a warehouse adjacent to Northeast Philadelphia Airport for $11.25 million, as per Philadelphia property records. This acquisition is part of a trend of industrial sales near the airport. The warehouse at 10551 Decatur Road covers over 136,000 square feet, most of which SEPTA had previously leased since 2019 for use as a supply chain warehouse.

A SEPTA spokesperson confirmed the building will continue to serve that purpose but refrained from commenting further due to “legal matters.” The property was sold by Drummond Decatur and State Properties LLC, which has owned the site since 2012. Records indicate that the LLC purchased the building for $17.1 million, with an assessed value of $10.27 million.

*Article courtesy of Philadelphia Business Journal

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