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Marcus & Millichap Facilitates $4.62 Million Sale Of Childcare Facility Tenanted By Lightbridge Academy In Bethlehem PA
SOLD
$4,620,000
Pennsylvania
See Similar DealsRetail10,780 SF
Sold 04/08/2025
SOLD
Marcus & Millichap Facilitates $4.62 Million Sale Of Childcare Facility Tenanted By Lightbridge Academy In Bethlehem PA
3001 Linden Street
See Similar DealsRetail10,780 SF
Sold 04/08/2025
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$428
Total Square Footage:10,780 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,413.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,901.16
Annual Debt Service$262,813.88
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