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835 Hamilton Street, Allent...

DLP Capital Acquires Office Property In Allentown, PA For $15.3M
SOLDOffice

DLP Capital Acquires Office Property In Allentown, PA For $15.3M

835 Hamilton Street, Allentown, Pennsylvania 18101, United States

$15,300,000

$60/SF

Building Size

254,782 SF

Asset Type

Office

Closing

Dec 14, 2021

AI

Don Wenner, CEO of DLP Capital, recently completed the purchase of an office property located at 835 West Hamilton Street in Allentown, PA. The property, spanning 254,782 square feet, was sold for a total price of $15,300,000, resulting in a price per square foot of $60.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,300,000
  • Square Footage: 254,782
  • Address: 835 West Hamilton Street, Allentown, PA
  • Market: Allentown, PA

DLP Capital, led by Don Wenner, acted as the buyer in this transaction. With this acquisition, DLP Capital expands its portfolio in the office property market. The deal highlights Don Wenner's expertise and vision as the CEO of DLP Capital.

Players

Don Wenner

Buyer

$103.8M

vol

4 deals

Buyer

Allentown 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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93