SOLD
Marcus & Millichap Sells Parkway Shopping Center In Allentown For $12.5M
1471 Lehigh Street
Retail
133,314 SF
133,314 SF
Sold 63 days ago
Summary
Sale
PENNSYLVANIA
Retail
133,314 sqft
Located at 1471 Lehigh Street in Allentown, PA, the Parkway Shopping Center was recently sold for $12.5 million. This retail property spans 133,314 square feet and has seen significant improvements and tenant consolidation efforts in the past five years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,500,000
- Brokers: Colin Reder, Derrick Dougherty, Scott Woodard - Marcus & Millichap
- Mortgage Brokers: Ian Nordfors & Neil Campbell - Institutional Property Advisors
- Square Footage: 133,314
- Price Per Square Foot: $94
The sale of the Parkway Shopping Center was managed by Marcus & Millichap's Philadelphia office, with IPA Capital Markets providing debt financing for the buyer.
Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: Colin Reder, Derrick Dougherty, Scott Woodard, Ian Nordfors & Neil Campbell
DATE: 03/01/2024
ADDRESS: 1471 Lehigh Street
MARKET: Allentown, PA
ASSET TYPE: Retail
BROKERS: Colin Reder, Derrick Dougherty & Scott Woodard - Marcus & Millichap (@MarcusMillichapinc)
MORTGAGE BROKERS: Ian Nordfors & Neil Campbell - Institutional Property Advisors
SALE PRICE: $12,500,000
SF: 133,314 ~ PPSF: $94
NOTE: Marcus & Millichap sold Parkway Shopping Center in Allentown, Penn., for $12.5 million. The property, totaling 133,314 square feet, underwent significant improvements and tenant consolidation efforts over the past five years. Marcus & Millichap's Philadelphia office managed the sale, with IPA Capital Markets handling debt financing for the buyer.View on map
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Address1471 Lehigh Street
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