facebook
Traded Co logo
Submit

Affiliate Of Korea Investment Management Co. Acquires Property At 5 Crescent Dr For $130.5M

Property Image
SOLD
$130,500,000
Jerome "Jerry" Kranzel
Jack Corcoran
Erin Hannan

Pennsylvania

See Similar Deals
207,779 SF
the dealplayerscompscontact
Property Image
SOLD

Affiliate Of Korea Investment Management Co. Acquires Property At 5 Crescent Dr For $130.5M

5 Crescent Dr, Philadelphia, PA, 19112

See Similar Deals
207,779 SF
Jerome "Jerry" Kranzel
Jack Corcoran
Erin Hannan
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Price Per Square Foot:$628
Total Square Footage:207,779 SF
Transaction Type:Sale

The property asset located at 5 Crescent Dr, Philadelphia, PA, 19112, has a transaction price of $130,500,000.00 and encompasses a total square footage of 207,779. It is situated within the Philadelphia market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $130,500,000.00
  • Address: 5 Crescent Dr, Philadelphia, PA, 19112
  • Square Footage: 207,779
  • Market: Philadelphia
  • Buyer: Affiliate of Korea Investment Management Co.
  • Seller's Representatives: Erin Hannan-CBRE, Jack Corcoran-CBRE, Jerome "Jerry" Kranzel-CBRE

This transaction was facilitated by the seller's representatives from CBRE, where Erin Hannan, Jack Corcoran, and Jerome "Jerry" Kranzel played significant roles in the deal's execution, representing the seller in this high-value transaction.

Players

Jerome "Jerry" Kranzel
CBRE
Jerome Kranzel
7 deals$440.6M volume
BROKER
Erin Hannan
CBRE
Erin Hannan
2 deals$209.5M volume
BROKER
Jack Corcoran
CBRE
Jack Corcoran
2 deals$209.5M volume
BROKER

Details

SOLD
IMAGE: 5 Crescent Dr, Philadelphia, PA, 19112 MARKET: Philadelphia SELLER'S REP: Erin Hannan-CBRE, Jack Corcoran-CBRE, Jerome "Jerry" Kranzel-CBRE BUYER: Affiliate of Korea Investment Management Co. SELLER: PRICE: $130,500,000.00 SF: 207779

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,960,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$463,638.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$618,636.58
Annual Debt Service$7,423,638.94