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5848 City Avenue Philadelph...

Saint Joseph's University Acquires 11.6-Acre Property In Philadelphia For $15M
SOLDLand

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

SV
Sisters of the VisitationSeller

Philadelphia Land Market Snapshot

Boundary boundary · Land · Sale transactions

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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