Updated Dec 21, 2023
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
About this deal
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.
Traded’s record for 1261 Wharton Street, Philadelphia, PA, USA in Philadelphia, Pennsylvania covers a retail sale from 2021. The building is 15,070 square feet, implying about 0 per square foot on the published price. Ryan Holliday, Micha Van Marcke, Edge Realty Partners appear on the sale alongside Edge Realty Partners. This page is the Philadelphia, Pennsylvania file for the 1261 Wharton Street, Philadelphia, PA, USA retail sold: pricing, party profiles, and other closed retail comps from the same Philadelphia sit in the Market section below. Filter that Philadelphia retail set by closing date to see what else sold near 1261 Wharton Street, Philadelphia, PA, USA around 2021. Cite this Edge Capital Markets Acquires Retail Property In Wharton, TX sale when underwriting similar retail product around Philadelphia, Pennsylvania.
Players
Philadelphia 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93