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10 Town Center Drive, Colle...

Finmarc Management And KPR Centers Acquire Retail Property In Collegeville, PA For $162M
SOLDRetail

Finmarc Management And KPR Centers Acquire Retail Property In Collegeville, PA For $162M

10 Town Center Drive, Collegeville, Pennsylvania 19426, United States

$162,000,000

$213/SF

Building Size

759,945 SF

Asset Type

Retail

Closing

Feb 17, 2022

AI

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

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

Chris Angelone

JLL

Broker

$2.2B

vol

24 deals

Broker
FI
Finmarc Management, Inc.Buyer
BC
Brandolini CompaniesSeller

Collegeville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93