Acadia Realty Trust Acquires Retail Asset In Selinsgrove, Pennsylvania For $44.8M
SOLD
$44,800,000
Pennsylvania
See Similar DealsRetail372,794 SF
Sold 09/29/2021
SOLD
Acadia Realty Trust Acquires Retail Asset In Selinsgrove, Pennsylvania For $44.8M
330 Marketplace Boulevard, Selinsgrove, Pennsylvania, USA
See Similar DealsRetail372,794 SF
Sold 09/29/2021
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$120
Total Square Footage:372,794 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,389,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,164.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$212,374.86
Annual Debt Service$2,548,498.27
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