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3250 S 78th St Philadelphia...

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

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

John Plower

JLL

Broker

$1.1B

vol

17 deals

Broker
AH
Alliance HPSeller

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