United Hampshire US REIT Acquires Retail Property In Pottstown, PA For $85.7M
SOLD
$85,700,000
Pennsylvania
See Similar DealsRetail400,716 SF
Sold 08/01/2022
SOLD
United Hampshire US REIT Acquires Retail Property In Pottstown, PA For $85.7M
180 Upland Square Drive, Pottstown, Pennsylvania 19464, United States
See Similar DealsRetail400,716 SF
Sold 08/01/2022
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$213
Total Square Footage:400,716 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$304,473.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$406,261.72
Annual Debt Service$4,875,140.67
Is there something missing? Send suggestions