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
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