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3001 Linden Street

Marcus & Millichap Facilitates $4.62 Million Sale Of Childcare Facility Tenanted By Lightbridge Academy In Bethlehem PA
SOLDRetail

Marcus & Millichap Facilitates $4.62 Million Sale Of Childcare Facility Tenanted By Lightbridge Academy In Bethlehem PA

3001 Linden Street

$4,620,000

$428/SF

Building Size

10,780 SF

Asset Type

Retail

Closing

Apr 8, 2025

AI

The property asset involved in this transaction is a net-leased childcare facility located at 3001 Linden Street, Bethlehem, PA. The sale price of the property was $4,620,000, with a total square footage of 10,780 and a price per square foot of $429.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,620,000
  • Address: 3001 Linden Street
  • Market: Bethlehem, PA
  • Square Footage: 10,780
  • Price Per Square Foot: $429

Colin Reder, Derrick Dougherty, and Scott Woodard from Marcus & Millichap facilitated the transaction, representing the seller in the deal. This sale was specifically tenanted by Lightbridge Academy, highlighting the retail use of the property.

Players

Derrick Dougherty

Marcus & Millichap

Broker

$178.4M

vol

27 deals

Broker

Bethlehem 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

3.43%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93