Marcus & Millichap Sells DePuy Synthes Office Building In West Chester, PA For $7.1M
1230 Wilson Drive West Chester, Pennsylvania 19380, USA
$7,100,000
$196/SF
Building Size
36,053 SF
Asset Type
Office
Closing
Jun 26, 2023
AI
Marcus & Millichap sold the DePuy Synthes office building in West Chester, Pennsylvania for $7.1 million. The property, located at 1230 Wilson Drive, spans 36,053 square feet and was purchased by a New York-based investment company. The sale price equates to approximately $197 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,100,000
- Square Footage: 36,053
- Address: 1230 Wilson Drive
- Market: West Chester, Pennsylvania
Nick Geaneotes and Derrick Dougherty, representing Marcus & Millichap, facilitated the sale of the DePuy Synthes office building. The buyer, a New York-based investment company, was secured through Marcus & Millichap's Philadelphia office.
Players
West Chester 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93