facebook

traded

+ Submit
Home

/

Deals

/

Pennsylvania

/

Industrial

/

Sale

/

10082 Sandmeyer Lane, Phila...

HS Property Penn LLC Acquires Industrial Property In Philadelphia For $7.05M
SOLDIndustrial

HS Property Penn LLC Acquires Industrial Property In Philadelphia For $7.05M

10082 Sandmeyer Lane, Philadelphia, Pennsylvania 19116, United States

$7,050,000

$135,576/SF

Building Size

52 SF

Asset Type

Industrial

Closing

Apr 11, 2022

AI

The industrial property located at 10082 Sandmeyer Ln in Philadelphia has been sold. The transaction took place between the buyer, HS Property Penn LLC, and the seller, AHR PA Real Estate LLC. The property spans 52,300 square feet and was sold for a total price of $7,050,000, resulting in a price per square foot of $135. Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty Corp represented the parties involved in this transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,050,000
  • Square Footage: 52,300
  • Price per Square Foot: $135
  • Address: 10082 Sandmeyer Ln, Philadelphia
  • Market: Philadelphia

The involvement of Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty Corp as brokers highlights the role they played in facilitating the sale of the industrial property at 10082 Sandmeyer Ln in Philadelphia. Their expertise and representation of the buyer and seller were crucial in ensuring a successful transaction.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

Philadelphia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.25%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93