Eagle Cliff Real Estate Partners Acquires Industrial Property In Philadelphia For $24.05M

Eagle Cliff Real Estate Partners acquired an industrial property at 2045 Wheatsheaf Lane in Philadelphia for $24.05 million. The property encompasses 196,000 square feet and features a building that is 55 years old, with 22-foot clear heights and 19 loading doors. The property is currently fully leased, contributing to its investment appeal in the market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,050,000
• Buyer: Eagle Cliff Real Estate Partners
• Seller: Kairos Real Estate Partners
• Square Footage: 196,000
• Price per Square Foot: $123
• Market: Philadelphia

The transaction was facilitated between Eagle Cliff Real Estate Partners as the buyer and Kairos Real Estate Partners as the seller, reflecting active participation in the Philadelphia industrial real estate market. Both parties played essential roles in the completion of this transaction, ensuring a successful transfer of the asset.