Updated Dec 21, 2023
ALTO Real Estate Funds Acquires Retail Property In Cranberry Township, PA For $33.2M
1000 Cranberry Square Drive, Cranberry Township, Pennsylvania 16066, United States
$33,200,000
$170/SF
Building Size
195,165 SF
Asset Type
Retail
Closing
Oct 5, 2022
About this deal
AI
The retail property located at 1000 Cranberry Square Drive in Cranberry Township, Pennsylvania has been sold for a price of $33,200,000. The property spans 195,165 square feet, resulting in a price per square foot of $170. The sale took place on 10/06/2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $33,200,000
- Square Footage: 195,165
- Price per Square Foot: $170
- Address: 1000 Cranberry Square Drive, Cranberry Township, Pennsylvania
- Market: Cranberry Township, Pennsylvania
The property was sold by ALTO Real Estate Funds, represented by Mody Kidon, and M & J Wilkow, represented by Marty Sweeney.
Players
Cranberry Township 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93