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Agora Commercial Realty Advisors Acquires Summerdale Plaza Shopping Center In Enola For $15.2M

Property Image
SOLD
$15,200,000

Pennsylvania

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Retail147,916 SF
Sold 02/06/2025
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Property Image
SOLD

Agora Commercial Realty Advisors Acquires Summerdale Plaza Shopping Center In Enola For $15.2M

429 North Enola Road

See Similar Deals
Retail147,916 SF
Sold 02/06/2025
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Summary

PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$102
Total Square Footage:147,916 SF
Transaction Type:Sale

Agora Commercial Realty Advisors acquired a retail asset located at 429 North Enola Road in Enola, PA. The property was sold for $15,200,000 and encompasses a total area of 147,916 square feet. The shopping center was approximately 80% leased at the time of the sale, with notable tenants including Tractor Supply, AutoZone, Family Dollar, Dollar Tree, Rite Aid, and the Pennsylvania Department of Transportation.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,200,000
  • Sale Date: 02/06/2025
  • Address: 429 North Enola Road
  • Market: Enola, PA
  • Square Footage: 147,916
  • Price per Square Foot: $103
  • Buyer: Agora Commercial Realty Advisors
  • Seller: Not disclosed
  • Broker Representation: Brad Nathanson & JP Colussi - Institutional Property Advisors

IPA's JP Colussi and Brad Nathanson represented both the buyer and the seller in this transaction, facilitating the sale of the shopping center that includes multiple well-known retail stores.

Players

Brad Nathanson
15 deals$488.2M volume(215) 531-7000
BROKER

JP Colussi
Institutional Property Advisors
10 deals$244.5M volume
BROKER

Details

SOLD
IMAGE: 02/06/2025 ADDRESS: 429 North Enola Road MARKET: Enola, PA ASSET TYPE: Retail BUYER: Agora Commercial Realty Advisors BROKERS: Brad Nathanson & JP Colussi - Institutional Property Advisors SALE PRICE: $15,200,000 SF: 147,916 ~ PPSF: $103 NOTE: Agora Commercial Realty Advisors acquired Summerdale Plaza, a 147,916-square-foot shopping center in Enola, for $15.2 million. The center, 80% leased at the time of sale, is anchored by Tractor Supply, AutoZone, Family Dollar, Dollar Tree, Rite Aid, and the Pennsylvania Department of Transportation, with IPA's JP Colussi and Brad Nathanson representing both parties.

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
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