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4221 North Broad Street, Ph...

Marcus & Millichap Brokers Sell Retail Property For $6.5M On North Broad Street In Philadelphia
SOLDRetail

Marcus & Millichap Brokers Sell Retail Property For $6.5M On North Broad Street In Philadelphia

4221 North Broad Street, Philadelphia, PA, USA

$6,500,000

$373/SF

Building Size

17,401 SF

Asset Type

Retail

Closing

Apr 14, 2021

AI

A retail property located at 4221 North Broad Street in Philadelphia, PA was recently sold in a closed transaction. The property spans 17,401 square feet and was sold for a price of $6,500,000, resulting in a price per square foot of $374.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,500,000
  • Address: 4221 North Broad Street, Philadelphia, PA
  • Market: Philadelphia, PA

The transaction was facilitated by brokers Sean Beuche, Derrick Dougherty, and Scott Woodard of Marcus & Millichap.

Players

Sean Beuche

CBRE

Broker

$334.7M

vol

13 deals

Broker

Philadelphia 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93