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1128-30 Walnut Street

Bill Wolf Petroleum Acquires Mixed-Use Property In Philadelphia For $6M
SOLDMixed-use

Bill Wolf Petroleum Acquires Mixed-Use Property In Philadelphia For $6M

1128-30 Walnut Street

$6,000,000

$372/SF

Building Size

16,100 SF

Asset Type

Mixed-use

Closing

Mar 31, 2023

AI

The mixed-use property located at 1128-30 Walnut Street in Philadelphia, PA has been sold for $6,000,000. Spanning across 16,100 square feet, this property offers a variety of potential uses for its new owner. With a price per square foot of $373, it represents a valuable investment in the Philadelphia market.

Summary of Transaction Details

  • Property Type: Mixed-Use
  • Transaction Amount: $6,000,000
  • Square Footage: 16,100
  • Price Per Square Foot: $373
  • Address: 1128-30 Walnut Street, Philadelphia, PA
  • Market: Philadelphia, PA

Bill Wolf Petroleum has acquired the property, with Stephen Stafford and Shawn Witter from SDG Real Estate representing the buyer. The seller, Traditions Of America, was represented by Samantha Kupersmith from CBRE. The involvement of these key individuals and companies adds a unique perspective to the deal, showcasing the expertise and negotiation skills of the buyer's and seller's representatives.

Players

Samantha Kupersmith

JLL

Broker

$266.1M

vol

6 deals

Broker

Bill Wolf

Petroleum

Buyer

$14.5M

vol

2 deals

Buyer

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93