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
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