Marcus & Millichap Brokers Sell Downingtown, PA Office For $3.55M
SOLD
$3,550,000
Pennsylvania
See Similar DealsOffice37,963 SF
Sold 10/07/2021
SOLD
Marcus & Millichap Brokers Sell Downingtown, PA Office For $3.55M
100 Lancaster Avenue, Downingtown, PA, USA
See Similar DealsOffice37,963 SF
Sold 10/07/2021
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$93
Total Square Footage:37,963 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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