Updated Oct 29, 2024
3708 Freemansburg LLC Acquires Former Young's Pharmacy Property In Bethlehem For $1.2M
3708 Freemansburg Avenue
$1,200,000
$110/SF
Building Size
10,908 SF
Asset Type
Office
Closing
Jun 14, 2023
About this deal
AI
The former Young's Pharmacy property located at 3708 Freemansburg Avenue in Bethlehem Township, Pennsylvania, has been sold for $1.2 million. The retail asset comprises 10,908 square feet, resulting in a price per square foot of $110.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,200,000
- Address: 3708 Freemansburg Avenue
- Market: Bethlehem
The buyer, 3708 Freemansburg LLC, acquired the property from Salameh Properties. No plans have been submitted for the site, although there is a potential consideration for a proposed convenience store in a nearby location.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93