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Paramount Realty Acquires Retail Portfolio In Lionville, West Chester, And More For $114.25M

Property Image
SOLD
$114,250,000
James "Jim" Galbally
Colin Behr
+ 1

Pennsylvania

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Retail
Sold 09/16/2021
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Property Image
SOLD

Paramount Realty Acquires Retail Portfolio In Lionville, West Chester, And More For $114.25M

128 Eagleview Boulevard, Exton, PA, USA

See Similar Deals
Retail
Sold 09/16/2021
James "Jim" Galbally
Colin Behr
+ 1
Contact now

Summary

PENNSYLVANIA
Asset Type:Retail
Transaction Type:Sale

An undisclosed retail property located at 128 – 168 Eagleview Boulevard (Route 113), 1502 West Chester Pike, 2679 Shillington Road (Route 724), 1650 Limekiln Pike (Route 152), and 37 West Ridge Pike in Lionville, West Chester, Sinking Spring, Dresher, and Limerick, PA, has recently been sold. The property was sold by Brandolini Companies to Paramount Realty - Maurice Zekaria and Medipower Group for a sale price of $114,250,000. The asset type of the property is retail.

Summary of transaction details

The deal was facilitated by broker representatives Chris Munley, Jim Galbally, Colin Behr, and James Graf from JLL Capital Markets. They played a crucial role in connecting the buyer, Paramount Realty - Maurice Zekaria and Medipower Group, and the seller, Brandolini Companies, in this transaction.

Players

Christopher "Chris" Munley
18 deals$1.5B volume
BROKER

James "Jim" Galbally
JLL
26 deals$2B volume
BROKER

Colin Behr
CBRE
23 deals$1.5B volume(215) 896-4253
BROKER

James Graf
JLL
5 deals$209.1M volume
BROKER

Paramount Realty
BUYER


Details

SOLD
IMAGE: Colin Behr, Chris Munley & Jim Galbally DATE: 09/16/2021 ADDRESS: 128 – 168 Eagleview Boulevard (Route 113), 1502 West Chester Pike, 2679 Shillington Road (Route 724), 1650 Limekiln Pike (Route 152) & 37 West Ridge Pike MARKET: Lionville, West Chester, Sinking Spring, Dresher & Limerick, PA ASSET TYPE: Retail BUYER: Paramount Realty - Maurice Zekaria; Medipower Group SELLER: Brandolini Companies BROKERS: Chris Munley, Jim Galbally, Colin Behr & James Graf - JLL Capital Markets SALE PRICE: $114,250,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,093,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$405,906.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$541,603.29
Annual Debt Service$6,499,239.45