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
Chester Springs 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93