Alliance HP Sells Philadelphia Airport Infill Industrial Portfolio For $24.7M
3250 S 78th St Philadelphia, PA 19153, USA
$24,700,000
$201/SF
Building Size
122,373 SF
Asset Type
Industrial
Closing
Aug 4, 2023
AI
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
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93