Updated Oct 15, 2026
Builders LLC Purchases Industrial Property From 1320 Arch Street Partnership For $7,225,000 In Philadelphia
53-67 E Laurel St
$7,225,000
$516/SF
Building Size
13,980 SF
Asset Type
Industrial
Closing
Jul 31, 2024
About this deal
AI
The property involved in this transaction is an industrial asset located at 53-67 E Laurel St, Philadelphia, PA. The price for the asset was $7,225,000.00, and it has a total square footage of 13,980. This deal reflects significant activity within the industrial market segment in Philadelphia.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,225,000.00
- Address: 53-67 E Laurel St
- Market: Philadelphia, PA
- Square Footage: 13,980
- Buyer: Builders LLC
- Seller: 1320 ARCH STREET PARTNERSHIP
- Broker: Phil Maisano - Industrial Storage Brokers
The transaction involved Builders LLC as the buyer and 1320 ARCH STREET PARTNERSHIP as the seller, indicating a partnership in a significant industrial sale. The brokerage services were provided by Phil Maisano, representing the interests of the seller in this transaction.
On the Map
$7,225,000
$516/SF
Industrial
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93