Updated Oct 29, 2024
Reinvestment Fund Provides $1.875M Acquisition Loan For Industrial Property In Philadelphia
201-19 West Glenwood Avenue
$1,875,000
$14/SF
Building Size
130,000 SF
Asset Type
Industrial
Closing
Feb 1, 2023
About this deal
AI
The industrial property located at 201-19 West Glenwood Avenue in Philadelphia, PA has been recently involved in a loan transaction. The property spans approximately 130,000 square feet and was acquired by Bryheim Murray & Kyle Easley.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,875,000
- Address: 201-19 West Glenwood Avenue, Philadelphia, PA
The loan was provided by Reinvestment Fund for the acquisition of the property. The landlord, BKP Development Group, represented by Bryheim Murray & Kyle Easley, facilitated the transaction.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93