SOLDRetail
Edge Capital Markets Acquires Retail Property In Wharton, TX
1261 Wharton Street, Philadelphia, PA, USA
Building Size
15,070 SF
Asset Type
Retail
Closing
Apr 24, 2021
AI
The retail property located at 1261 & 10314 U.S. 59, Wharton, TX 77488 has been sold. The transaction took place in Wharton's market. The property spans over a total area of 15,070 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Brokers: Micha van Marcke & Ryan Holliday - Edge Capital Markets
The sale of this retail property was facilitated by brokers Micha van Marcke and Ryan Holliday, from Edge Capital Markets.
Players
Philadelphia 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93