Kohan Retail Investment Group Acquires Retail Property In North Wales, Pennsylvania For $55M
SOLD
$55,000,000
+ 2
Pennsylvania
See Similar DealsRetail1,100,000 SF
Sold 12/06/2021
SOLD
Kohan Retail Investment Group Acquires Retail Property In North Wales, Pennsylvania For $55M
230 Montgomery Mall, North Wales, PA, USA
See Similar DealsRetail1,100,000 SF
Sold 12/06/2021
+ 2
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:1,100,000 SF
Transaction Type:Sale
230 Montgomery Mall, a retail property located in North Wales, Pennsylvania, was recently sold in a transaction valued at $55,000,000. The property spans an impressive 1,100,000 square feet and sits on 105 acres. The sale price equates to approximately $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55,000,000
- Address: 230 Montgomery Mall
- Market: North Wales, Pennsylvania
- Size: 1,100,000 square feet
- Acreage: 105 acres
The property was purchased by Kohan Retail Investment Group from CMBS trust. The deal was facilitated by David Monahan, Jim Galbally, Chris Munley, Cameron Pittman, Colin Behr, and Akhil Patel of JLL Capital Markets.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,933,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$195,403.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$260,728.06
Annual Debt Service$3,128,736.72
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