Agora Commercial Realty Advisors Acquires Summerdale Plaza Shopping Center In Enola For $15.2M
429 North Enola Road
$15,200,000
$102/SF
Building Size
147,916 SF
Asset Type
Retail
Closing
Feb 6, 2025
AI
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
Enola 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93