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
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