Updated Oct 29, 2024
SOLDOffice
E. Kahn Development Corp. Sells Office Building In West Chester, PA For $42.6M
313 W Market St, West Chester, PA, USA
$42,600,000
$344/SF
Building Size
123,500 SF
Asset Type
Office
Closing
Apr 13, 2021
About this deal
AI
An office property located at 313 West Market St. in West Chester, PA has been sold for $42,600,000. The property spans 123,500 square feet, resulting in a price per square foot of $345.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $42,600,000
- Square Footage: 123,500
- Price per Square Foot: $345
- Address: 313 West Market St., West Chester, PA
- Market: West Chester, PA
The property was sold by E. Kahn Development Corp., with Matt Adams and Eli Kahn representing the seller.
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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93