Updated Oct 28, 2024
IG Logistics Acquires Industrial Property In Philadelphia For $3.5M
3200 S 70th St, Philadelphia, PA, USA
$3,500,000
$20/SF
Building Size
174,240 SF
Asset Type
Industrial
Closing
Oct 26, 2021
About this deal
AI
Located at 3200 S. 70th St in Philadelphia, this industrial property spans across 4 acres. The property was recently sold for a price of $3,500,000. The transaction took place on 10/26/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 3200 S. 70th St, Philadelphia
- Market: Philadelphia
- Acres: 4
The buyer of this industrial property was IG Logistics, represented by Daniel Glaser and Sam Schneider. The sale was facilitated by Larry Bergen from Colliers.
The industrial sale at 3200 S 70th St, Philadelphia, PA, USA in Philadelphia, Pennsylvania sold for $3.5M in 2021. The building is 174,240 square feet, implying about 20 per square foot on the published price. Larry Bergen, Sam Schneider, Daniel Glaser, Colliers appear on the sale alongside Colliers. This page is the Philadelphia, Pennsylvania file for the 3200 S 70th St, Philadelphia, PA, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Philadelphia sit in the Market section below. Filter that Philadelphia industrial set by closing date to see what else sold near 3200 S 70th St, Philadelphia, PA, USA around 2021. Published consideration for 3200 S 70th St, Philadelphia, PA, USA is $3.5M, dated 2021. Cite this IG Logistics Acquires Industrial Property In Philadelphia For $3.5M sale when underwriting similar industrial product around Philadelphia, Pennsylvania.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93