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330 Marketplace Boulevard, ...

Acadia Realty Trust Acquires Retail Asset In Selinsgrove, Pennsylvania For $44.8M
SOLDRetail

Acadia Realty Trust Acquires Retail Asset In Selinsgrove, Pennsylvania For $44.8M

330 Marketplace Boulevard, Selinsgrove, Pennsylvania, USA

$44,800,000

$120/SF

Building Size

372,794 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

The retail property located at 330 Marketplace Blvd in Selinsgrove, Pennsylvania has been sold in a recent transaction. The property spans a total area of 372,794 square feet and was sold for a price of $44,800,000, resulting in a price per square foot of $120.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $44,800,000
  • Property Address: 330 Marketplace Blvd, Selinsgrove, Pennsylvania
  • Market: Selinsgrove, Pennsylvania

The buyer of this retail property was Acadia Realty Trust. The deal was facilitated by brokers Christopher Munley, Jim Galbally, and Colin Behr from JLL Capital Markets.

Players

Christopher Munley

JLL

Broker

$1.5B

vol

18 deals

Broker
Acadia Realty Trust
Acadia Realty TrustBrokerage
Acadia Realty Trust
Acadia Realty TrustBuyer

Selinsgrove 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93