Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,050,000
$135,576/SF
Industrial
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Players
Philadelphia Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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