Velocity Venture Partners Acquires Industrial Property In Yeadon, PA For $41.75M
SOLD
$41,750,000
Pennsylvania
See Similar DealsIndustrial468 SF
Sold 12/15/2022
SOLD
Velocity Venture Partners Acquires Industrial Property In Yeadon, PA For $41.75M
6250 Baltimore Avenue, Yeadon, Pennsylvania 19050, United States
See Similar DealsIndustrial468 SF
Sold 12/15/2022
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$89,209
Total Square Footage:468 SF
Transaction Type:Sale
The industrial property located at 6250 Baltimore Avenue in Yeadon, PA has been sold in a transaction worth $41,750,000. The property spans approximately 468,000 square feet, resulting in a price per square foot of $89.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $41,750,000
- Address: 6250 Baltimore Avenue, Yeadon, PA
- Market: Yeadon, PA
- Buyer: Velocity Venture Partners - Zack Moore
The buyer in this transaction is Velocity Venture Partners, represented by Zack Moore. They have successfully acquired the industrial asset at 6250 Baltimore Avenue. This deal highlights the significant investment activity in the Yeadon, PA market.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$148,328.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$197,916.30
Annual Debt Service$2,374,995.60
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