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Marcus & Millichap Sells DePuy Synthes Office Building In West Chester, PA For $7.1M
SOLD
$7,100,000
Pennsylvania
See Similar DealsOffice36,053 SF
Sold 06/26/2023
SOLD
Marcus & Millichap Sells DePuy Synthes Office Building In West Chester, PA For $7.1M
1230 Wilson Drive West Chester, Pennsylvania 19380, USA
See Similar DealsOffice36,053 SF
Sold 06/26/2023
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$196
Total Square Footage:36,053 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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