Updated Dec 4, 2024
FLD Group, Inc & Adjmi Family Acquire Bala Plaza Office Properties In Bala Cynwyd For $185M
231 Saint Asaphs Road
$185,000,000
Building Size
—
Asset Type
Office
Closing
Nov 27, 2023
About this deal
AI
The Bala Plaza office properties in Bala Cynwyd, PA have been acquired by FLD Group, Inc. and the Adjmi family for a sale price of $185,000,000. The property is situated at 231 Saint Asaphs Road and is classified as an office asset. The transaction took place on 11/27/2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $185,000,000
- Market: Bala Cynwyd, PA
- Buyer: FLD Group, Inc & Adjmi family
- Seller: Tishman Speyer - Rob Speyer
- Date: 11/27/2023
FLD Group, Inc and the Adjmi family were the buyers in the deal, while Tishman Speyer, represented by Rob Speyer, acted as the seller. The new owners have plans to continue the approved redevelopment master plan for the property. Their vision includes transforming it into a modern destination with various amenities such as retail spaces, a hotel, office areas, and residential units.
On the Map
$185,000,000
Office
View full map
Players
Bala Cynwyd Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Bala Cynwyd office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93