Updated Dec 21, 2023
Marcus & Millichap Brokers $2.1M Office Sale In Scranton, PA
430 Penn Avenue, Scranton, PA, USA
$2,100,000
$55/SF
Building Size
38,054 SF
Asset Type
Office
Closing
Jun 28, 2020
About this deal
AI
The office property located at 430 Penn Ave in Scranton, PA has been sold for a transaction amount of $2,100,000. The sale took place on June 28, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,100,000
- Square Footage: 38,054
- Price per Square Foot: $55
- Capitalization Rate: 6.82%
- Market: Scranton, PA
The sale was facilitated by Craig Dunkle and Jackson Day from Marcus & Millichap. They served as the brokers representing the parties involved in the transaction.
The office sale at 430 Penn Avenue, Scranton, PA, USA in Scranton, Pennsylvania sold for $2.1M in 2020. The building is 38,054 square feet, implying about 55 per square foot on the published price. Jackson Day, Craig Dunkle, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Scranton, Pennsylvania file for the 430 Penn Avenue, Scranton, PA, USA office sold: pricing, party profiles, and other closed office comps from the same Scranton sit in the Market section below. Filter that Scranton office set by closing date to see what else sold near 430 Penn Avenue, Scranton, PA, USA around 2020. Published consideration for 430 Penn Avenue, Scranton, PA, USA is $2.1M, dated 2020. Cite this Marcus & Millichap Brokers $2.1M Office Sale In Scranton, PA sale when underwriting similar office product around Scranton, Pennsylvania.
Players
Scranton 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93