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
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