Updated Oct 29, 2024
First Commonwealth Bank Sells Office Property In Wexford, PA For $4.4M
1001 Village Run Road, Wexford, Pennsylvania 15090, United States
$4,400,000
$200,000/SF
Building Size
22 SF
Asset Type
Office
Closing
Jan 21, 2023
About this deal
AI
The office property at 1001 Village Run Rd in Wexford, PA has been sold for $4,400,000. The property spans approximately 22,350 square feet, resulting in a price per square foot of $197. The seller in this transaction was First Commonwealth Bank. The sale was facilitated by broker Michael Sell of Cushman & Wakefield.
Summary of transaction details
- Property Type: Office
- Sale Price: $4,400,000
- Square Footage: 22,350
- Price Per Square Foot: $197
- Seller: First Commonwealth Bank
- Broker: Michael Sell - Cushman & Wakefield
This transaction showcases the successful sale of the office property at 1001 Village Run Rd in Wexford, PA. Michael Sell, representing Cushman & Wakefield, effectively handled the deal on behalf of the buyer and seller. The sale price of $4,400,000 reflects the market value of the property, with a price per square foot of $197.
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Wexford 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93