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
Willow Street Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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