Updated Dec 20, 2023
Italiano Commercial Real Estate Services Facilitates $20M Sale Of Industrial Property In Sharon Hill, PA
2000 Elmwood Avenue, Sharon Hill, Pennsylvania 19079, United States
$20,000,000
$38/SF
Building Size
515,000 SF
Asset Type
Industrial
Closing
Nov 1, 2021
About this deal
AI
The industrial property located at 2000-2009 Elmwood Ave in Sharon Hill, PA has been sold for a total price of $20,000,000. The property is situated on approximately 18 acres of land. It spans a total area of 515,000 square feet, resulting in a price per square foot (PPSF) of $39. Steve Italiano of Italiano Commercial Real Estate Services (ICRE) represented the parties involved in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 2000-2009 Elmwood Ave, Sharon Hill, PA
- Market: Sharon Hill, PA
- Acreage: 18 acres
- Square Footage: 515,000
- Price per Square Foot (PPSF): $39
- Broker: Steve Italiano - Italiano Commercial Real Estate Services (ICRE)
This sale transaction was successfully completed with the representation of Steve Italiano from Italiano Commercial Real Estate Services (ICRE). The involvement of Steve Italiano ensured a smooth and efficient process throughout the deal.
Players
Sharon Hill 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93