Imperium Capital Acquires 7-Acre Industrial Property In Philadelphia For $7.25M
SOLD
$7,250,000
Pennsylvania
See Similar DealsIndustrial32,500 SF
Sold 10/27/2021
SOLD
Imperium Capital Acquires 7-Acre Industrial Property In Philadelphia For $7.25M
2470 Wheatsheaf Lane, Philadelphia, PA, USA
See Similar DealsIndustrial32,500 SF
Sold 10/27/2021
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$223
Total Square Footage:32,500 SF
Transaction Type:Sale
The industrial asset sold is located at 2470 & 2500 Wheatsheaf Lane in Philadelphia, PA, encompassing an area of 7 acres. The property features a 42-door truck terminal and repair shop, covering a total square footage of 32,500. The transaction concluded at a sale price of $7,250,000, translating to a price per square foot of $223.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,250,000
- Address: 2470 & 2500 Wheatsheaf Lane
- Market: Philadelphia, PA
- Asset Size: 7 acres
- Square Footage: 32,500
- Price per Square Foot: $223
- Buyer: Imperium Capital - Daniel Glaser & Sam Schneider
- Seller: Dorian Inc & 562 Terminal Facility LLP
The transaction was facilitated by Daniel Glaser and Sam Schneider who represented Imperium Capital, indicating their integral role in acquiring the property from the sellers, Dorian Inc and 562 Terminal Facility LLP.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,757.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,368.70
Annual Debt Service$412,424.39
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