Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,350,000
$93/SF
Industrial
View full map
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit John Frisina to view all their deals.
Browse Pennsylvania industrial sales on Traded.
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