Morgan Stanley Provides $24.9 Million Loan For Harbor Group International's Office Acquisition In King Of Prussia
500 North Gulph Road
$24,900,000
$247/SF
Building Size
100,820 SF
Asset Type
Office
Closing
Aug 7, 2026
AI
The office building located at 500 North Gulph Road in King of Prussia, Pennsylvania, comprises 100,820 square feet. This property was acquired for a total purchase amount of $41.5 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $41,500,000
- Loan Amount: $24,900,000
- Loan Terms: 10-year interest-only
- Interest Rate: 6.49%
- Lender: Morgan Stanley
- Landlord: Harbor Group International
Morgan Stanley facilitated the financing for Harbor Group International by providing the mortgage loan. This transaction signifies Harbor Group International's strategy for property acquisition in the King of Prussia market.
Players
King of Prussia Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93