Updated Oct 29, 2024
Saint Joseph's University Acquires 11.6-Acre Property In Philadelphia For $15M
5848 City Avenue Philadelphia, PA 19131, USA
$15,000,000
Building Size
—
Asset Type
Land
Closing
Aug 21, 2023
About this deal
AI
Saint Joseph's University has purchased an 11.6-acre property located at 5848 City Avenue in Philadelphia for $15 million. The land acquisition will be integrated into the university's master plan, offering potential for new developments as part of its campus expansion strategy.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,000,000
- Image: Joe Kender & Gail Benner
- Date: 08/21/2023
- Market: Philadelphia
- ACRES: 11.6
In this deal, the buyer, Saint Joseph's University, was represented by Joe Kender and Gail Benner. The seller of the property was the Sisters of the Visitation.
On the Map
$15,000,000
Land
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Players
Philadelphia Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93