PCCP LLC Provides $62M Loan For Development Site In Philadelphia, PA
9801 Blue Grass Road, Philadelphia, PA, USA
$62,000,000
$219/SF
Building Size
282,737 SF
Asset Type
Development Site
Closing
May 6, 2020
AI
Located at 9801 Blue Grass Road in Philadelphia, PA, this development site spans 21.3 acres. The property was involved in a closed transaction on 05/06/2021.
Summary of transaction details
- Asset Type: Development Site
- Loan Amount: $62,000,000
- Square Footage: 282,737 SF
PCCP LLC provided the loan for this transaction, while DH Property Holdings, represented by Dov Hertz, acted as the landlord. The deal was facilitated by brokers Aaron Appel, Keith Kurland, Adam Schwartz, and Jonathan Schwartz from Walker & Dunlop.
Players
Philadelphia Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93