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Zatos Investments Acquires Industrial/Commercial Property In Northern Liberties For $1.2M

Property Image
SOLD
$1,200,000

Pennsylvania

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Mixed-use3,408 SF
Sold 09/15/2021
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Property Image
SOLD

Zatos Investments Acquires Industrial/Commercial Property In Northern Liberties For $1.2M

1139-41 N 3rd St, Northern Liberties, Philadelphia, PA, USA

See Similar Deals
Mixed-use3,408 SF
Sold 09/15/2021
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Summary

PENNSYLVANIA
Asset Type:Mixed-use
Price Per Square Foot:$352
Total Square Footage:3,408 SF
Transaction Type:Sale

The industrial/commercial property located at 1139-41 N 3rd St in Northern Liberties, Philadelphia, PA has been sold. The property spans 3,408 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $352. The transaction took place on September 15, 2021. Ryan Stawasz captured an image of the property, which can be viewed on Instagram.

Summary of transaction details

  • Property Type: Industrial/Commercial
  • Transaction Amount: $1,200,000
  • Square Footage: 3,408
  • Address: 1139-41 N 3rd St, Northern Liberties, Philadelphia, PA
  • Market: Northern Liberties, Philadelphia, PA
  • Buyer: Zatos Investments
  • Broker: Ryan Stawasz - Ryan Stawasz Realty

Congratulations to Zatos Investments on their purchase of this property. Ryan Stawasz represented them as the broker in this transaction. The property is expected to be developed into a boutique 10-unit, 4-car parking condo building, with plans to bring it to market in 2022.

Players

Ryan Stawasz
1 deal$1.2M volume
BROKER

Details

SOLD
IMAGE: Ryan Stawasz DATE: 09/15/2021 ADDRESS: 1139-41 N 3rd St MARKET: Northern Liberties, Philadelphia, PA ASSET TYPE: Industrial/Commercial BUYER: Zatos Investments (@Zatosinvestments) BROKER: Ryan Stawasz (@Ryan.stawasz) ASKING PRICE: $1,400,000 SALE PRICE: $1,200,000 SF: 3,408 ~ PPSF: $352 NOTE FROM BROKER: Congratulations to our buyers, we are excited to bring a boutique 10 unit, 4 car parking condo building to market in 2022!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35