Marcus & Millichap Brokers Sell Downingtown, PA Office For $3.55M
100 Lancaster Avenue, Downingtown, PA, USA
$3,550,000
$93/SF
Building Size
37,963 SF
Asset Type
Office
Closing
Oct 7, 2021
AI
Located at 100 E Lancaster Ave in Downingtown, PA, this property is an office building with a sale price of $3,550,000. The transaction took place on 10/07/2021, and the total square footage of the building is 37,963. The price per square foot is calculated at $94, making this a significant investment in the area.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $3,550,000
- Address: 100 E Lancaster Ave
- Market: Downingtown, PA
- Square Footage: 37,963
- Price per Square Foot: $94
In brokering this transaction, the representatives from Marcus & Millichap were Craig Dunkle, Jackson Day, and Mher Vartanian. Their expertise and knowledge played a crucial role in facilitating the successful sale of this office building.
Players
Downingtown Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93