Updated Dec 19, 2023
Colliers Brokers Sell Retail Property In Lehighton, PA For $18M
1241 Blakeslee Boulevard Drive East, Lehighton, PA 18235
$18,000,000
$85/SF
Building Size
210,000 SF
Asset Type
Retail
Closing
Dec 31, 2021
About this deal
AI
Located at 1241 Blakeslee Blvd. Dr. E in Lehighton, PA, this retail property was recently sold in a closed transaction. The transaction, facilitated by brokers Jeff Algatt & Scott Horner of Colliers, took place on December 31, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $18,000,000
- Square Footage: 210,000
- Price per Square Foot: $86
- Market: Lehighton, PA
The transaction involved the sale of this retail property for a total of $18,000,000. The property spans a total of 210,000 square feet, resulting in a price per square foot of $86. The selling of this retail asset was facilitated by brokers Jeff Algatt & Scott Horner of Colliers.
Lehighton 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93