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Stalwart Equities Acquires Fully Leased Office Building In Philadelphia For $21M
SOLD
$21,000,000
Pennsylvania
See Similar DealsOffice130,000 SF
Sold 07/09/2025
SOLD
Stalwart Equities Acquires Fully Leased Office Building In Philadelphia For $21M
13000 Townsend Road
See Similar DealsOffice130,000 SF
Sold 07/09/2025
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$161
Total Square Footage:130,000 SF
Transaction Type:Sale
The asset involved in this transaction is a 130,000 square foot office building located at 13000 Townsend Road in Philadelphia, PA. The property was sold for $21,000,000, reflecting a price per square foot of $162 and a cap rate of 10.14%. Acore Capital, the seller, had acquired the property in 1998 for $17,000,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $21,000,000
- Square Footage: 130,000
- Address: 13000 Townsend Road
- Market: Philadelphia, PA
- Price per Square Foot: $162
- Cap Rate: 10.14%
- Buyer: Stalwart Equities
- Seller: Acore Capital
- Broker: Colliers
Colliers was the broker representing the transaction. Stalwart Equities is the buyer who acquired the fully leased office space, and Acore Capital represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,120,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56
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