NorthBridge Partners Acquires Industrial Properties In Philadelphia PA For $34.55M
11601 Caroline Road, Philadelphia, PA 19154
$34,550,000
$133/SF
Building Size
258,822 SF
Asset Type
Industrial
Closing
Dec 28, 2021
AI
An industrial property spanning 12.5 acres has been sold in Philadelphia, PA. The property, located at 11601 Caroline Road, 11631 Caroline Road, 11731 Caroline Road, and 592 Winks Lane Bensalem PA, was acquired by NorthBridge Partners. The seller of the property was Barry Green. The transaction was facilitated by Steven Pollan and Joseph Kassin of Kassin Sabbagh Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $34,550,000
- Square Footage: 258,822 SF
- Price Per Square Foot: $133
- Market: PA
The deal was successfully closed on 12/28/21.
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93