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1460 Bethlehem Pike

Bill Huffman & Ryan Boan Of Nuveen Real Estate Acquire Retail Property In North Wales From MetLife
SOLDRetail

Bill Huffman & Ryan Boan Of Nuveen Real Estate Acquire Retail Property In North Wales From MetLife

1460 Bethlehem Pike

Building Size

103,325 SF

Asset Type

Retail

Closing

Nov 21, 2024

AI

The property asset involved in this transaction is a retail space located at 1460 Bethlehem Pike in North Wales, PA, covering an area of 103,325 square feet. The transaction is categorized under the retail asset type.

Summary of transaction details:

The transaction was facilitated by a team of brokers from CBRE, specifically including Casey Benson Smith, Chris Munley, Colin Behr, RJ Mirabile, and Ryan Sciullo. Additionally, mortgage brokerage services were provided by Adam Spengler and Thomas Traynor, also affiliated with CBRE, highlighting the involvement of these key players in the transaction process.

Players

Thomas Traynor

CBRE

Broker

$15B

vol

39 deals

Broker

North Wales 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