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
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.
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