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120 W Erie Ave Philadelphia...

MSM Equities Acquires Industrial Property In Philadelphia For $5.35M
SOLDIndustrial

MSM Equities Acquires Industrial Property In Philadelphia For $5.35M

120 W Erie Ave Philadelphia, PA 19140, USA

$5,350,000

$93/SF

Building Size

57,266 SF

Asset Type

Industrial

Closing

Aug 17, 2023

AI

The industrial property located at 120 W Erie Ave in Philadelphia was recently sold. The property spans over 57,266 square feet and was sold for a price of $5,350,000, resulting in a price per square foot of $93. The transaction occurred on 08/17/2023.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,350,000
  • Address: 120 W Erie Ave, Philadelphia
  • Market: Philadelphia

The buyers of the property are MSM Equities represented by Igor Derbaremdiker and John Frisina. On the other hand, the sellers are National Convenience Distributors.

Players

John Frisina

MSM Equities

Buyer

$29M

vol

3 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93