Imperium Capital Acquires 7-Acre Industrial Property In Philadelphia For $7.25M
2470 Wheatsheaf Lane, Philadelphia, PA, USA
$7,250,000
$223/SF
Building Size
32,500 SF
Asset Type
Industrial
Closing
Oct 27, 2021
AI
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.
Players
Philadelphia 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93