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Thomas Park Investments Acquires Medical Office In Broomall, Pennsylvania For $11.6M

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SOLD
$11,600,000

Pennsylvania

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57 SF
Sold 04/01/2023
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Property Image
SOLD

Thomas Park Investments Acquires Medical Office In Broomall, Pennsylvania For $11.6M

2000 Sproul Road, Broomall, Pennsylvania 19008, United States

See Similar Deals
57 SF
Sold 04/01/2023
Contact now

Summary

PENNSYLVANIA
Price Per Square Foot:$203,508
Total Square Footage:57 SF
Transaction Type:Sale

The medical office property located at 2000, 2002, and 2004 Sproul Road in Broomall, Pennsylvania has been sold. This property spans a total area of 57,760 square feet and was purchased for a price of $11,600,000. The sale price per square foot amounts to $201. The buyer of this property is Thomas Park Investments, represented by Alex Kopicki, while the seller is Hudson Companies. The transaction was facilitated by brokers Stephen Marzullo, Adam Silverman, and Stephen Kriz of CBRE.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $11,600,000
  • Market: Broomall, Pennsylvania
  • Buyer: Thomas Park Investments - Alex Kopicki
  • Seller: Hudson Companies
  • Date: January 4, 2023
  • Brokers: Stephen Marzullo, Adam Silverman, and Stephen Kriz - CBRE
  • Square Footage: 57,760
  • Price Per Square Foot: $201

This sale transaction showcases the involvement of Thomas Park Investments, represented by Alex Kopicki, as the buyer. On the other hand, the seller of the medical office property is Hudson Companies. The successful completion of this deal was made possible through the efforts of brokers Stephen Marzullo, Adam Silverman, and Stephen Kriz from CBRE.

Players

Stephen "Steve" Marzullo
9 deals$108M volume
BROKER

Adam Silverman
CBRE
10 deals$113.2M volume
BROKER

Hudson Companies
SELLER

Details

SOLD
IMAGE: Stephen Marzullo, Stephen Kriz & Adam Silverman DATE: 01/04/2023 ADDRESS: 2000, 2002 & 2004 Sproul Road MARKET: Broomall, Pennsylvania ASSET TYPE: Medical Office BUYER: Thomas Park Investments - Alex Kopicki SELLER: Hudson Companies BROKERS: Stephen Marzullo, Adam Silverman & Stephen Kriz - CBRE SALE PRICE: $11,600,000 SF: 57,760 ~ PPSF: $201

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$618,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
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