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2600 Willow Street Pike, Wi...

Triple Bar Properties Inc. Acquires 28.4 Acre Retail Property In Willow Street, Pennsylvania For $24.5M
SOLDRetail

Triple Bar Properties Inc. Acquires 28.4 Acre Retail Property In Willow Street, Pennsylvania For $24.5M

2600 Willow Street Pike, Willow Street, Pennsylvania 17584, United States

$24,500,000

$131/SF

Building Size

186,749 SF

Asset Type

Retail

Closing

Oct 27, 2022

AI

The retail property located at 2600 Willow Street Pike in Willow Street, Pennsylvania has been sold. The property spans an area of 28.4 acres and is situated in a bustling market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $24,500,000
  • Square Footage: 186,749
  • Price per Square Foot: $131
  • Date: 10/28/2022
  • Address: 2600 Willow Street Pike, Willow Street, Pennsylvania

The buyer of the property is Triple Bar Properties Inc., while the seller is Northpath Investments. The transaction was facilitated by brokers Christopher Munley, Jim Galbally, Colin Behr, and James Graf from JLL Capital Markets.

Players

Christopher Munley

JLL

Broker

$1.5B

vol

18 deals

Broker
Northpath Investments
Northpath InvestmentsSeller

Willow Street 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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93