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Alliance HP Sells Philadelphia Airport Infill Industrial Portfolio For $24.7M

Property Image
SOLD
$24,700,000
Larry Maister
Kyle Lockard
Ryan Cottone
+ 1

Pennsylvania

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Industrial122,373 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Alliance HP Sells Philadelphia Airport Infill Industrial Portfolio For $24.7M

3250 S 78th St Philadelphia, PA 19153, USA

See Similar Deals
Industrial122,373 SF
Sold
Larry Maister
Kyle Lockard
Ryan Cottone
+ 1
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$201
Total Square Footage:122373 SF
Transaction Type:Sale

The $24.7 million sale of the 122,373-square-foot Philadelphia Airport Infill industrial portfolio has been orchestrated by JLL Capital Markets. The three fully leased properties, located near the Philadelphia International Airport, were sold by Alliance HP. The strategic location and stable cash flow of these properties generated strong market interest.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,700,000
  • Address: 3250 78th Street, 3201 South 76th Street & 3440 Bartram Avenue
  • Market: Philadelphia, Pennsylvania

JLL's Larry Maister, Kyle Lockard, John Plower, and Ryan Cottone served as the brokers in this deal, showcasing their expertise in the industrial segment. Their efforts contributed to the successful completion of the transaction.

Players

John Plower
JLL
John Plower
17 deals$1.1B volume
BROKER
Ryan Cottone
JLL
Ryan Cottone
15 deals$984.1M volume
BROKER
Larry Maister
JLL
Larry Maister
5 deals$98.4M volume
BROKER
Kyle Lockard
JLL
Kyle Lockard
4 deals$87.7M volume
BROKER
AH
Alliance HP
SELLER

Details

SOLD
IMAGE: Larry Maister, Kyle Lockard, John Plower & Ryan Cottone DATE: 08/04/2023 ADDRESS: 3250 78th Street, 3201 South 76th Street & 3440 Bartram Avenue MARKET: Philadelphia, Pennsylvania ASSET TYPE: Industrial SELLER: Alliance HP BROKERS: Larry Maister, Kyle Lockard, John Plower & Ryan Cottone - JLL (@JLL) SALE PRICE: $24,700,000 SF: 122,373 ~ PPSF: $202 NOTE: JLL Capital Markets has orchestrated the $24.7 million sale of the 122,373-square-foot Philadelphia Airport Infill industrial portfolio. The three fully leased properties near the Philadelphia International Airport were sold by Alliance HP, showcasing strong market interest in their strategic location and stable cash flow. # RyanCottone

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,317,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,753.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,090.60
Annual Debt Service$1,405,087.22