Maxim Shtraus Facilitates $2.6M Sale Of Development Site In Southampton, PA
SOLD
$2,600,000
Pennsylvania
See Similar DealsDevelopment Site283,140 SF
Sold 03/05/2024
SOLD
Maxim Shtraus Facilitates $2.6M Sale Of Development Site In Southampton, PA
1216 Street Road
See Similar DealsDevelopment Site283,140 SF
Sold 03/05/2024
Summary
PENNSYLVANIA
Asset Type:Development Site
Price Per Square Foot:$9
Total Square Footage:283,140 SF
Transaction Type:Sale
The development site located in Southampton, PA at 1216 East Street Road has been sold for $2,600,000. Spanning 6.5 acres, the property is approved for the construction of 30 townhomes, offering a total of 283,140 square feet of space. The price per square foot (PPSF) stands at $9, and the price per buildable square foot (PPBSF) is $46.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,600,000
- Broker: Maxim Shtraus - RE/MAX Elite
The Maxim Shtraus Group at RE/MAX Elite facilitated the transaction of the shovel-ready development site, helping to bring the deal to fruition.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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