Updated Dec 4, 2024
Marcus & Millichap Sells Ridge Plaza Retail Center In Royersford, PA For $5.8M
451 West Ridge Pike
$5,800,000
$223/SF
Building Size
25,985 SF
Asset Type
Retail
Closing
Feb 9, 2024
About this deal
AI
The Ridge Plaza shopping center in Royersford, Pennsylvania was recently sold for $5.8 million. The property spans across 25,985 square feet and is located at 451 West Ridge Pike. The sale price equates to approximately $223 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,800,000
- Address: 451 West Ridge Pike, Royersford, PA
- Market: Royersford, PA
- Square Footage: 25,985
- Price per Square Foot: $223
The sale of Ridge Plaza was facilitated by Marcus & Millichap, with Colin Reder, Derrick Dougherty, and Scott Woodard serving as the seller's representatives. Linda Cheng, from Premium Realty Group, represented the buyer in the transaction.
Please note that this information was obtained directly from the transaction announcement made by Marcus & Millichap.
On the Map
$5,800,000
$223/SF
Retail
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Royersford 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93