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200 Pattison Avenue, Philad...

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

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

$24,000,000

$250/SF

Building Size

96,000 SF

Asset Type

Industrial

Closing

May 7, 2022

AI

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 Margolis

Newmark

Broker

$63.7M

vol

3 deals

Broker
Ivy Realty
Ivy RealtyBrokerage
Ivy Realty
Ivy RealtySeller

Philadelphia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93