DLP Capital Acquires Office Property In Allentown, PA For $15.3M
SOLD
$15,300,000
Pennsylvania
See Similar DealsOffice254,782 SF
Sold 12/14/2021
SOLD
DLP Capital Acquires Office Property In Allentown, PA For $15.3M
835 Hamilton Street, Allentown, Pennsylvania 18101, United States
See Similar DealsOffice254,782 SF
Sold 12/14/2021
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$60
Total Square Footage:254,782 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$816,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67
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