Updated Aug 5, 2026
Louis Capano Of Capano Management Acquires Garage At 733 Chestnut Street For $8.75M
733 Chestnut Street
$8,750,000
$88/SF
Building Size
99,000 SF
Asset Type
Garage
Closing
Aug 3, 2026
About this deal
AI
The property asset involved in this transaction is a garage located at 733 Chestnut Street in Philadelphia, PA. The garage spans 99,000 square feet and consists of five stories. It was sold for $8,750,000, resulting in a price per square foot of $88.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $8,750,000
- Buyer: Louis Capano
- Buyer’s Company: Capano Management
- Square Footage: 99,000
- Address: 733 Chestnut Street
- Market: Philadelphia, PA
Capano Management has acquired the parking garage, which includes a total of 275 spaces, and intends to continue its operation. The firm also seeks to preserve the site for potential future multifamily redevelopment.
Philadelphia Garage Market Snapshot
Boundary boundary · Garage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93