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
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.
Players
Philadelphia Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
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