Updated Dec 10, 2024
3BV One LLC Acquires Industrial Property From Ballengee Holdings LLC In Garnet Valley For $3M
1451 Conchester Highway
$3,000,000
$94/SF
Building Size
31,760 SF
Asset Type
Industrial
Closing
Dec 4, 2024
About this deal
AI
The property asset involved in this transaction is located at 1451 Conchester Highway, Garnet Valley, PA. It is an industrial asset with a total square footage of 31,760. The transaction was completed for a sale price of $3,000,000, which equates to a price per square foot of $94. The building was constructed in 2006.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 1451 Conchester Highway
- Market: Garnet Valley, PA
- Square Footage: 31,760
- Price Per Square Foot: $94
- Buyer: 3BV One LLC
- Seller: Ballengee Holdings LLC
- Broker: Colin McHale - Beacon Commercial Real Estate
Colin McHale represented both the buyer, 3BV One LLC, and the seller, Ballengee Holdings LLC, in this closed transaction. The involvement of Beacon Commercial Real Estate LLC in facilitating the deal highlights their role in the real estate market.
Garnet Valley 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93