Updated Dec 4, 2024
Martin Brower Leases 147000 SF Industrial Space At 14515 McNulty Road From Crow Holdings Development
14515 McNulty Road
Building Size
147,000 SF
Asset Type
Industrial
Closing
Dec 3, 2024
About this deal
AI
The industrial asset located at 14515 McNulty Road spans 147,000 square feet in the Philadelphia, PA market. The property is currently leased by Martin Brower from Crow Holdings Development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 14515 McNulty Road
- Market: Philadelphia, PA
- Landlord: Crow Holdings Development
- Tenant: Martin Brower
- Landlord's Representative: Harold (Brad) Boone & Brian McCurdy - Colliers
- Tenant's Representative: Jonathan (Jon) Springer, Andrew Greenberg & Mike Barker - CBRE
This transaction highlights the roles of the brokerage firms involved, with Colliers representing the landlord and CBRE representing the tenant, facilitating the leasing of the substantial industrial space.
On the Map
Industrial
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Players
Philadelphia Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93