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11200 Roosevelt Blvd, Phila...

Ajax Advisors & Brickman Associates Acquire 26.4 Acre Industrial Property In Philadelphia
SOLDIndustrial

Ajax Advisors & Brickman Associates Acquire 26.4 Acre Industrial Property In Philadelphia

11200 Roosevelt Blvd, Philadelphia, PA, USA

$33,540,000

$73/SF

Building Size

454,456 SF

Asset Type

Industrial

Closing

Nov 3, 2021

AI

The industrial property located at 11200 Roosevelt Blvd in Philadelphia has been sold. The property spans across 26.4 acres, offering a significant amount of space for industrial activities. The sale transaction took place on November 3, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $33,540,000
  • Address: 11200 Roosevelt Blvd, Philadelphia
  • Market: Philadelphia
  • Size: 454,456 square feet
  • Price per square foot: $74

Ajax Advisors and Brickman Associates acted as the buyers in this transaction, while Ivy Realty served as the seller. The deal was facilitated by CBRE, with Michael Hines, Brian Fiumara, Brad Ruppel, Joe Hill, Lauren Dawicki, Stephen Marzullo, and Adam Silverman representing the parties involved.

Players

Brian Fiumara

CBRE

Broker

$1.6B

vol

24 deals

Broker
Ivy Realty
Ivy RealtyBrokerage
Ivy Realty
Ivy RealtySeller

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

0.47%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93