MSM Equities Acquires Industrial Property In Philadelphia For $5.35M
SOLD
Pennsylvania
See Similar DealsIndustrial57,266 SF
Sold 08/17/2023
SOLD
MSM Equities Acquires Industrial Property In Philadelphia For $5.35M
120 W Erie Ave Philadelphia, PA 19140, USA
See Similar DealsIndustrial57,266 SF
Sold 08/17/2023
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:57,266 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
Is there something missing? Send suggestions