SOLDOffice
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
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.
Players
Scranton Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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