facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Pennsylvania

/

Retail

/

Sale

/

102 Pottstown Pike

Marcus & Millichap Sells CVS Pharmacy And Affiliated Building In Chester Springs, Pennsylvania For $6.15M
SOLDRetail

Marcus & Millichap Sells CVS Pharmacy And Affiliated Building In Chester Springs, Pennsylvania For $6.15M

102 Pottstown Pike

$6,150,000

Building Size

Asset Type

Retail

Closing

Oct 23, 2023

AI

A CVS Pharmacy and an affiliated building in Chester Springs, Pennsylvania, have been sold for $6.15 million. The property is located at 102 Pottstown Pike in Chester Springs. The transaction was handled by Marcus & Millichap, with David Crotts, Dean Zang, and Sean Beuche serving as the brokers. The seller of the property is the Zukin Family, represented by Jim Zukin. The buyer is a publicly traded REIT.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,150,000
  • Address: 102 Pottstown Pike, Chester Springs, Pennsylvania
  • Market: Chester Springs, Pennsylvania

The sale of the CVS Pharmacy and the affiliated building in Chester Springs was successfully facilitated by Marcus & Millichap. The transaction was managed by brokers David Crotts, Dean Zang, and Sean Beuche. Jim Zukin, representing the Zukin Family, acted as the seller. The buyer of the property is a publicly traded REIT.

Players

Sean Beuche

CBRE

Broker

$334.7M

vol

13 deals

Broker

Chester Springs Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93