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DH Property Holdings, LLC Acquires 7.08 Acres Industrial Property In Philadelphia, Pennsylvania From Ivy Realty For $24M

Property Image
SOLD
$24,000,000
Ryan Guittare
J Eustace Wolfington III
Michael "Mike" Margolis
+ 1

Pennsylvania

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Industrial96,000 SF
Sold 05/08/2022
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Property Image
SOLD

DH Property Holdings, LLC Acquires 7.08 Acres Industrial Property In Philadelphia, Pennsylvania From Ivy Realty For $24M

200 Pattison Avenue, Philadelphia, Pennsylvania 19148, United States

See Similar Deals
Industrial96,000 SF
Sold 05/08/2022
Ryan Guittare
J Eustace Wolfington III
Michael "Mike" Margolis
+ 1
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$250
Total Square Footage:96,000 SF
Transaction Type:Sale

The industrial property located at 200 Pattison Avenue in Philadelphia, Pennsylvania was recently sold. The property spans across approximately 7.08 acres. The sale took place on 05/08/2022, with a sale price of $24,000,000.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $24,000,000
  • Address: 200 Pattison Avenue, Philadelphia, Pennsylvania
  • Market: Philadelphia, Pennsylvania
  • Buyer: DH Property Holdings, LLC
  • Seller: Ivy Realty
  • Brokers: Michael Margolis, David Dolan, J Eustace Wolfington III & Ryan Guittare - Newmark

The deal was facilitated by brokers Michael Margolis, David Dolan, J Eustace Wolfington III, and Ryan Guittare from Newmark. The property was acquired by DH Property Holdings, LLC, while Ivy Realty served as the seller in the transaction.

Players

Michael "Mike" Margolis
Newmark
Michael Margolis
3 deals$63.7M volume
BROKER
David "Dave" Dolan
Newmark
David Dolan
4 deals$81.3M volume
BROKER
Ryan Guittare
Newmark
Ryan Guittare
6 deals$161.6M volume
BROKER
J Eustace Wolfington III
Newmark
J Eustace Wolfington III
1 deal$24M volume
BROKER
Ivy Realty
Ivy Realty
BROKERAGE
DL
DH Property Holdings, LLC
BUYER
Ivy Realty
Ivy Realty
SELLER

Details

SOLD
IMAGE: Michael Margolis, Ryan Guittare & David Dolan DATE: 05/08/2022 ADDRESS: 200 Pattison Avenue MARKET: Philadelphia, Pennsylvania ASSET TYPE: Industrial ~ ACRES: 7.08 BUYER: DH Property Holdings, LLC (@DhHoldingsLlc) SELLER: Ivy Realty (@IvyRealty) BROKERS: Michael Margolis, David Dolan, J Eustace Wolfington III & Ryan Guittare - Newmark (@Newmark) SALE PRICE: $24,000,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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