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43 Addresses

Updated Oct 29, 2024

Rad Diversified Acquires Package Deal In Philadelphia For $4.75M
SOLDPackage Deal

Rad Diversified Acquires Package Deal In Philadelphia For $4.75M

43 Addresses

$4,750,000

$110/SF

Building Size

43,000 SF

Asset Type

Package Deal

Closing

Dec 16, 2022

About this deal

AI

A package deal consisting of multiple properties has been sold in Philadelphia, PA for a total of $4,750,000. The properties included in the package deal are located at the following addresses: 4047 N 6th St, 4141 Cambridge St, 4290 Griscom, 4338 Penn St, 4701 Hawthorne St, 4721 Mulberry St, 509 N 63rd Ave, 5106 Jackson St, 5114 Duffield, 2067 E Chelton Ave, 2010, 2014, 2066 & 2077 Wilmot St, 2113 Simon, 2141 Carver St, 221 W Clapier, 2529 N 33rd, 2539 W Gordon, 2749 N Croskey, 304 E Bringhurst, 1036 Wagner Ave, 1353 Sellers St, 1621 Dyre St, 1662 Conklin, 1826 Plum, 1931 W Airdrie St, 5230 Marlowe, 526 E Walnut, 5310, 5330, 5332, 5334 & 5340 Glenmore Ave, 5339 Hedge, 533 E Mayland St, 5518 Malcolm, 5634 Arch St, 5713 & 6614 Chew Ave, 5915 & 6113 McMahon St, and 5964 Warrington.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $4,750,000
  • Number of Units: 43
  • Price Per Unit: $110,500

The buyer in this transaction is Rad Diversified, while the seller is Full Court Development. The deal was facilitated by brokers Stephen Stafford and Shawn Witter from SDG Real Estate, along with Ryan McManus from Compass.

On the Map

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$4,750,000

$110/SF

Package Deal

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Players

Ryan McManus

Agent PHL

Broker

$66.4M

vol

13 deals

Broker
RD
Rad DiversifiedBuyer
FD
Full Court DevelopmentSeller
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Carson Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Deal FAQ

About $110 per square foot on a published $4.8M for 43,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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