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Douglas C. Yearley, Jr Acquires 21-Acre Land In Spring City, PA For $2.64M
SOLD
$2,640,000
Pennsylvania
See Similar DealsLand
Sold 12/06/2023
SOLD
Douglas C. Yearley, Jr Acquires 21-Acre Land In Spring City, PA For $2.64M
25 Seven Stars Road
See Similar DealsLand
Sold 12/06/2023
Summary
PENNSYLVANIA
Asset Type:Land
Transaction Type:Sale
Douglas C. Yearley, Jr - Toll Brothers has acquired a 21-acre property at 25 Seven Stars Road in Spring City, Chester County, Pennsylvania. The transaction took place on December 6, 2023, for a sale price of $2,640,000. The property is designated as land and is located in the Spring City market. The property will be used for the construction of 33 single-family homes.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,640,000
- Address: 25 Seven Stars Road, Spring City, PA
- Market: Spring City
The buyer of the property is Douglas C. Yearley, Jr, representing Toll Brothers. Toll Brothers is a real estate development company specializing in building luxury homes. This acquisition aligns with their plans to construct 33 single-family homes on the 21-acre property in Spring City.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$140,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,379.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,514.95
Annual Debt Service$150,179.36
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