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Marcus & Millichap Brokers $7.2 Million Sale Of Wawa Occupied Retail Building In Glenside
SOLD
$7,200,000
Pennsylvania
See Similar DealsRetail
Sold 03/18/2025
SOLD
Marcus & Millichap Brokers $7.2 Million Sale Of Wawa Occupied Retail Building In Glenside
200 South Easton Road
See Similar DealsRetail
Sold 03/18/2025
Summary
PENNSYLVANIA
Asset Type:Retail
Transaction Type:Sale
The transaction involved a retail property located at 200 South Easton Road, spanning 1.3 acres in Glenside, PA, which was occupied by a Wawa. The property was sold for $7,200,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 200 South Easton Road
- Market: Glenside, PA
- Acres: 1.3
Derrick Dougherty and Scott Woodard from Marcus & Millichap represented the undisclosed buyer and seller in this transaction, facilitating the sale of the retail building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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