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180 Upland Square Drive, Po...

United Hampshire US REIT Acquires Retail Property In Pottstown, PA For $85.7M
SOLDRetail

United Hampshire US REIT Acquires Retail Property In Pottstown, PA For $85.7M

180 Upland Square Drive, Pottstown, Pennsylvania 19464, United States

$85,700,000

$213/SF

Building Size

400,716 SF

Asset Type

Retail

Closing

Jul 31, 2022

AI

The retail property located at 180 Upland Square Drive in Pottstown, PA has been sold for a total of $85,700,000. The transaction took place on 08/01/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $85,700,000
  • Square Footage: 400,716
  • Price per Square Foot: $214
  • Address: 180 Upland Square Drive, Pottstown, PA
  • Market: Pottstown, PA

The buyer of the property is United Hampshire US REIT, while the seller is Paramount Realty Services. The transaction was facilitated with the assistance of Brad Nathanson from Institutional Property Advisors (IPA) - Marcus & Milllichap.

Players

Brad Nathanson

Institutional Property Advisors

Broker

$488.2M

vol

15 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
PS
Paramount Realty ServicesSeller

Pottstown 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93