Stan Johnson Co. Brokers Sell Mixed-use Property In Philadelphia For $10.8M
SOLD
$10,800,000
+ 1
Pennsylvania
See Similar DealsMixed-use12,485 SF
Sold 12/15/2021
SOLD
Stan Johnson Co. Brokers Sell Mixed-use Property In Philadelphia For $10.8M
259 Market Street, Philadelphia, Pennsylvania 19106, United States
See Similar DealsMixed-use12,485 SF
Sold 12/15/2021
+ 1
Summary
PENNSYLVANIA
Asset Type:Mixed-use
Price Per Square Foot:$865
Total Square Footage:12,485 SF
Transaction Type:Sale
The mixed-use property located at 259 Market St in Philadelphia has been sold for a transaction amount of $10,800,000. The property consists of 62 units, with an average price per unit of $174,193. It spans across 12,485 square feet, with a price per square foot of $865.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,800,000
- Address: 259 Market St
- Market: Philadelphia
The sale was facilitated by the brokers from Stan Johnson Co., namely Brandon Duff, Austin Duff, Matt Spangenberg, and Mack Wolfgram. They played a pivotal role in representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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