U.S. Construction Acquires Development Site In Philadelphia For $5.75M | 1120-36 & 1138 Frankford Avenue | Alan Krawitz, Kenneth (Ken) Wellar | Development Site | Sale

Summary

Sale

PENNSYLVANIA

Development Site

23,304 sqft

A development site located at 1120-36 & 1138 Frankford Avenue in Philadelphia, PA has been sold for $5,750,000. The property consists of 107 units, with an average price per unit of $53,738. The total square footage of the site is 23,304, resulting in a price per square foot of $247. Additionally, there is 15,000 square feet of commercial space.

Summary of transation details

Property Type: Development Site
Transaction Amount: $5,750,000
Units: 107
Price per Unit: $53,738
Total Square Footage: 23,304
Price per Square Foot: $247
Commercial Square Footage: 15,000

U.S. Construction has acquired the development site. The deal was facilitated by Ken Wellar and Alan Krawitz from Rittenhouse Realty Advisors.

Players

All
4

Agents
2
Agencies
2

$156.1M Sold

$927M Sold

Global Real Estate Advisors (GREA)

Rittenhouse Realty Advisors

Details

Deal Summary

SOLD

IMAGE: Dustin Salzano (@DSalzano), John M. Farina, Ken Wellar & Alan Krawitz DATE: 08/23/2022 ADDRESS: 1120-36 & 1138 Frankford Avenue MARKET: Philadelphia, PA ASSET TYPE: Development Site BUYER: U.S. Construction (@USConstructionInc) BROKERS: Ken Wellar (@Ken_Wellar_CRE) & Alan Krawitz (@Grea_CRE) - Rittenhouse Realty Advisors (@Rittenhouse_Realty_Advisors) SALE PRICE: $5,750,000 UNITS: 107 ~ PPU: $53,738 SF: 23,304 ~ PPSF: $247 COMMERCIAL SF: 15,000

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Address1120-36 & 1138 Frankford Avenue

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