facebook
Traded Co logo
Submit

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

Property Image
SOLD
$33,540,000
Stephen "Steve" Marzullo
Joe Hill
Adam Silverman
+ 4

Pennsylvania

See Similar Deals
Industrial454,456 SF
Sold 11/03/2021
the dealplayerscompscontact
Property Image
SOLD

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

11200 Roosevelt Blvd, Philadelphia, PA, USA

See Similar Deals
Industrial454,456 SF
Sold 11/03/2021
Stephen "Steve" Marzullo
Joe Hill
Adam Silverman
+ 4
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:454,456 SF
Transaction Type:Sale

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
Brian Fiumara
23 deals$1.6B volume(610) 580-8672
BROKER
Brad Ruppel
CBRE
Brad Ruppel
13 deals$913.1M volume
BROKER
Lauren Dawicki
CBRE
Lauren Dawicki
8 deals$574.6M volume
BROKER
Michael Hines
CBRE
Michael Hines
14 deals$1B volume
BROKER
Stephen "Steve" Marzullo
CBRE
Stephen Marzullo
9 deals$108M volume
BROKER
Adam Silverman
CBRE
Adam Silverman
10 deals$113.2M volume
BROKER
Joe Hill
CBRE
Joe Hill
9 deals$596.3M volume
BROKER
Ivy Realty
Ivy Realty
BROKERAGE
BA
Brickman Associates
BUYER
Ivy Realty
Ivy Realty
SELLER

Details

SOLD
IMAGE: Stephen Marzullo, Brad Ruppel, Adam Silverman, Brian Fiumara, Michael Hines & Lauren Dawicki DATE: 11/03/2021 ADDRESS: 11200 Roosevelt Blvd MARKET: Philadelphia ASSET TYPE: Industrial ~ ACRES: 26.4 BUYER: Ajax Advisors & Brickman Associates SELLER: Ivy Realty BROKERS: Michael Hines, Brian Fiumara, Brad Ruppel, Joe Hill, Lauren Dawicki, Stephen Marzullo & Adam Silverman - CBRE SALE PRICE: $33,540,000 SF: 454,456 ~ PPSF: $74

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,788,799.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,160.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$158,996.71
Annual Debt Service$1,907,960.54