Accesso Partners Acquires Office Portfolio In Berwyn, PA From Keystone Property Group
1000 Westlakes Drive
$135,000,000
$296/SF
Building Size
455,183 SF
Asset Type
Office
Closing
Nov 2, 2021
AI
The office property located at 1000, 1055, 1205, 1235 Westlakes Drive in Berwyn, PA has been sold in a transaction completed on November 2, 2021. The property spans over 40 acres and belongs to Keystone Property Group, represented by Bill Glazer. The buyer in this transaction is Accesso Partners, represented by John Rivard. The sale was facilitated by JLL as the brokers involved.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $135,000,000
- Square Footage: 455,183
- Price Per Square Foot: $297
- Address: 1000, 1055, 1205, 1235 Westlakes Drive, Berwyn, PA
- Market: Berwyn, PA
Accesso Partners, represented by John Rivard, acquired the property from Keystone Property Group, represented by Bill Glazer. The transaction showcases a significant investment in the office asset market. The deal demonstrates the continued interest in real estate opportunities in Berwyn, PA.
Players
Berwyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93