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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1460 Bethlehem Pike
- Market: North Wales, PA
- Asset Size: 103,325 SF
- Buyer: Bill Huffman & Ryan Boan - Nuveen Real Estate
- Seller: MetLife Investment Management
- Broker Representatives: Casey Benson Smith, Chris Munley, Colin Behr, RJ Mirabile & Ryan Sciullo - CBRE
- Mortgage Brokers: Adam Spengler & Thomas Traynor - CBRE
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
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