Daily limit: 0/10
Marcus & Millichap Sells CVS Pharmacy And Affiliated Building In Chester Springs, Pennsylvania For $6.15M
SOLD
$6,150,000
Pennsylvania
See Similar DealsRetail
Sold 10/23/2023
SOLD
Marcus & Millichap Sells CVS Pharmacy And Affiliated Building In Chester Springs, Pennsylvania For $6.15M
102 Pottstown Pike
See Similar DealsRetail
Sold 10/23/2023
Summary
PENNSYLVANIA
Asset Type:Retail
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$328,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65
Is there something missing? Send suggestions