SCOPE Acquires Mixed-Use Property On West Oxford Street In Philadelphia For $9.7M
528-40 West Oxford Street
$9,705,000
$308/SF
Building Size
31,500 SF
Asset Type
Mixed-use
Closing
Nov 17, 2022
AI
The mixed-use property located at 528-40 West Oxford Street in Philadelphia was recently sold. The transaction took place on November 17, 2022, and the sale price for the property was $9,705,000. The property spans 31,500 square feet, resulting in a price per square foot of $308.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,705,000
- Square Footage: 31,500
- Price per Square Foot: $308
- Address: 528-40 West Oxford Street, Philadelphia
The deal was facilitated by Phil Sharrow from SCOPE, who represented one of the parties involved in the transaction.
It is worth noting that each unit within the property was sold for an average of $323,500, which includes small-format commercial spaces.
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
1.63%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93