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
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