Updated Dec 20, 2023
Bill Cook Acquires Retail Property In Coatesville, PA For $9M
101 Reeceville Road, Coatesville, Pennsylvania 19320, United States
$9,000,000
$692/SF
Building Size
13,000 SF
Asset Type
Retail
Closing
Apr 24, 2022
About this deal
AI
Located at 101 Reeceville Rd in Coatesville, PA, this retail property has been recently sold. The transaction, which took place on 04/25/2022, involved a NNN leased CVS with a remaining lease term of 16 years. The property spans an area of 13,000 square feet and was purchased for a total price of $9,000,000, resulting in a price per square foot of $692.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 101 Reeceville Rd, Coatesville, PA
- Market: Coatesville, PA
The buyer in this transaction is Bill Cook, while the seller is Brian Tolstano. Represented by Josh Goldflam of Highcap Group, the deal was successfully facilitated. It is worth noting that the property was purchased at a 5.5% capitalization rate (CAP).
On the Map
$9,000,000
$692/SF
Retail
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Players
Coatesville 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93