Velocity Venture Partners Acquires Industrial Property In Yeadon, PA For $41.75M
6250 Baltimore Avenue, Yeadon, Pennsylvania 19050, United States
$41,750,000
$89,209/SF
Building Size
468 SF
Asset Type
Industrial
Closing
Dec 15, 2022
AI
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.
Players
Lansdowne Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93