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TrueStone And FLD Group Acquire Office Building In Malvern, PA For $36.3M

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SOLD
$36,300,000

Pennsylvania

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Office137,178 SF
Sold 12/10/2021
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Property Image
SOLD

TrueStone And FLD Group Acquire Office Building In Malvern, PA For $36.3M

45 Liberty Boulevard, Malvern, Pennsylvania 19355, United States

See Similar Deals
Office137,178 SF
Sold 12/10/2021
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Summary

PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$264
Total Square Footage:137,178 SF
Transaction Type:Sale

TrueStone and FLD Group have acquired the office property located at 45 Liberty Blvd. in Malvern, PA. The property, which was sold by Equus Capital Partners, was purchased for a total of $36,300,000. Spanning across 137,178 square feet, the property is currently 95% occupied by tenants such as Microsoft and Vanguard. The sale price per square foot was $264.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $36,300,000
  • Date: 12/10/2021
  • Address: 45 Liberty Blvd., Malvern, PA
  • Tenants: Microsoft and Vanguard

The acquisition of 45 Liberty Blvd. was facilitated by brokers Jerry Kranzel and Doug Rodio from CBRE. The buyer's representatives were Sol Dayan from TrueStone and Marc Dayon from FLD Group.

Players

Sol Dayan
5 deals$67M volume
BROKER

Jerome "Jerry" Kranzel
CBRE
7 deals$440.6M volume
BROKER

Douglas "Doug" Rodio
CBRE
8 deals$406.8M volume
BROKER

FM Capital⁠
BROKERAGE


Details

SOLD
IMAGE: Jerry Kranzel, Bill Gates, Sol Dayan & Doug Rodio DATE: 12/10/2021 ADDRESS: 45 Liberty Blvd. MARKET: Malvern, PA ASSET TYPE: Office BUYER: TrueStone (@TrueStone_Group) - Sol Dayan (@SolDayan) & FLD Group - Marc Dayon SELLER: Equus Capital Partners BROKERS: Jerry Kranzel & Doug Rodio - CBRE (@CBRE) TENANTS: @Microsoft & Vanguard. SALE PRICE: $36,300,000 SF: 137,178 ~ PPSF: $264 NOTE: 45 Liberty Blvd. is 95% occupied by @Microsoft & Vanguard.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,936,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$128,966.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$172,080.52
Annual Debt Service$2,064,966.23