Updated Dec 21, 2023
Stan Johnson Co. Brokers Sell Mixed-use Property In Philadelphia For $10.8M
259 Market Street, Philadelphia, Pennsylvania 19106, United States
$10,800,000
$865/SF
Building Size
12,485 SF
Asset Type
Mixed-use
Closing
Dec 15, 2021
About this deal
AI
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.
Players
Philadelphia 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93