Finmarc Management And KPR Centers Acquire Retail Property In Collegeville, PA For $162M
SOLD
$162,000,000
+ 1
Pennsylvania
See Similar DealsRetail759,945 SF
Sold 02/18/2022
SOLD
Finmarc Management And KPR Centers Acquire Retail Property In Collegeville, PA For $162M
10 Town Center Drive, Collegeville, Pennsylvania 19426, United States
See Similar DealsRetail759,945 SF
Sold 02/18/2022
+ 1
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:759,945 SF
Transaction Type:Sale
A retail property located at 10 Town Center in Collegeville, PA was recently sold for a total of $162,000,000. The transaction took place on February 18, 2022. The property, with a total area of 759,945 square feet, was sold by Brandolini Companies to Finmarc Management, Inc. and KPR Centers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $162,000,000
- Address: 10 Town Center, Collegeville, PA
- Buyer: Finmarc Management, Inc. & KPR Centers
- Seller: Brandolini Companies
- Brokers: James Galbally, Christopher Munley, Colin Behr & Chris Angelone - JLL Capital Markets
- Square Footage: 759,945
- Price per Square Foot: $213
The deal was facilitated by James Galbally, Christopher Munley, Colin Behr, and Chris Angelone from JLL Capital Markets, who represented the buyer and the seller in the transaction.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,640,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$575,551.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$767,962.65
Annual Debt Service$9,215,551.78
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