Updated Dec 4, 2024
NAI Summit Announces $6.5M Sale Of Fully Leased Flex Building In Nazareth, PA
630 Municipal Drive
$6,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 11, 2024
About this deal
AI
A fully leased 67,366 sq ft flex building in Nazareth, Pennsylvania, has been sold for $6.5 million, according to Eastern Pennsylvania's NAI Summit. The property, located at 630 Municipal Drive, is a mixed-use asset. Representing the seller in the transaction were Michael Adams and Sarah Finney Miller.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,500,000
- Address: 630 Municipal Drive, Nazareth, PA
- Market: Nazareth, PA
F. Fisher & Company, LLC served as the buyer's representative in the deal, while Michael Adams and Sarah Finney Miller, from NAI Capital, represented the seller.
The sale of this fully leased flex building in Nazareth marks a significant transaction in the Eastern Pennsylvania market. The involvement of notable industry professionals adds further credibility to the deal.
On the Map
$6,500,000
Mixed-use
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Players
Nazareth 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93