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605 Yorklyn Road, Hockessin...

Updated Dec 4, 2024

Michael Falcone & Vincent Falcone Acquire Retail Property In Hockessin, DE From SWA Remainder - Alic Kelso For $4.6M
SOLDRetail

Michael Falcone & Vincent Falcone Acquire Retail Property In Hockessin, DE From SWA Remainder - Alic Kelso For $4.6M

605 Yorklyn Road, Hockessin, Delaware

$4,583,333

$65/SF

Building Size

69,900 SF

Asset Type

Retail

Closing

Sep 21, 2023

About this deal

AI

605 Yorklyn Road, a retail property located in Hockessin, DE, was recently sold for a transaction price of $4,583,333. The property spans an area of 69,900 square feet, resulting in a price per square foot of $66. The sale of this asset was facilitated by Gary Rosen of Rosen Law LLC, who acted as the attorney in the transaction.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,583,333
  • Address: 605 Yorklyn Road, Hockessin, DE
  • Square Footage: 69,900
  • Price per Square Foot: $66

The buyers of the property were Michael Falcone and Vincent Falcone, while the seller was SWA Remainder - Alic Kelso. Gary Rosen, Esq., from Rosen Law LLC, played a crucial role as the attorney representing the parties involved in the transaction.

Players

Hockessin Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $65 per square foot on a published $4.6M for 69,900 square feet (2023).

Browse Delaware retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.46%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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