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
Market 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93