Updated Jan 3, 2025
Sam Akif Of Hunter's Commercial Real Estate Facilitates Sale Of Industrial Asset In Philadelphia For $2.325M
2640-48 East Lehigh Avenue
$2,325,000
$222/SF
Building Size
10,448 SF
Asset Type
Industrial
Closing
Dec 30, 2024
About this deal
AI
The property asset involved in the transaction is an industrial asset located at 2640-48 East Lehigh Avenue, Philadelphia, PA. The sale price for this asset was $2,325,000, with a total square footage of 10,448 and a price per square foot of $222.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,325,000
- Address: 2640-48 East Lehigh Avenue
- Market: Philadelphia, PA
- Square Footage: 10,448
- Price Per Square Foot: $222
- Broker: Sam Akif - Hunter's Commercial Real Estate
- Sale Date: 12/30/2024
Key individuals involved in the deal include Sam Akif, who represented the transaction through Hunter's Commercial Real Estate. The deal was finalized on December 30, 2024, contributing to the broker's portfolio in the Philadelphia market.
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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93