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2000 Sproul Road, Broomall,...

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

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

2000 Sproul Road, Broomall, Pennsylvania 19008, United States

$11,600,000

$203,508/SF

Building Size

57 SF

Asset Type

Closing

Apr 1, 2023

AI

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 Marzullo

CBRE

Broker

$108M

vol

9 deals

Broker
Hudson Companies
Hudson CompaniesSeller

Broomall CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93