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

Property Image
SOLD
$7,050,000

Pennsylvania

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Industrial52 SF
Sold 04/11/2022
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Property Image
SOLD

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

10082 Sandmeyer Lane, Philadelphia, Pennsylvania 19116, United States

See Similar Deals
Industrial52 SF
Sold 04/11/2022
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$135,576
Total Square Footage:52 SF
Transaction Type:Sale

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
38 deals$140.7M volume
BROKER

Eric Koons
Bussel Realty
14 deals$39.9M volume
BROKER

Details

SOLD
IMAGE: Jordan Metz & Eric Koons DATE: 11/04/2022 ADDRESS: 10082 Sandmeyer Ln MARKET: Philadelphia ASSET TYPE: Industrial BUYER: HS Property Penn LLC SELLER: AHR PA Real Estate LLC BROKERS: Jordan Metz, Eric Koons & Benito Abbate - Bussel Realty Corp SALE PRICE: $7,050,000 SF: 52,300 ~ PPSF: $135

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$376,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,047.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,420.60
Annual Debt Service$401,047.16