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4547 Milford Road

Empire Management Acquires Retail Property In East Stroudsburg For $26.65M
SOLDRetail

Empire Management Acquires Retail Property In East Stroudsburg For $26.65M

4547 Milford Road

$26,650,000

$251/SF

Building Size

106,000 SF

Asset Type

Retail

Closing

Nov 30, 2022

AI

An retail property located at 4547 Milford Road in East Stroudsburg, PA has been sold for a price of $26,650,000. The property spans an area of 106,000 square feet, resulting in a price per square foot of $251. The transaction took place on November 30, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $26,650,000
  • Address: 4547 Milford Road, East Stroudsburg, PA
  • Market: East Stroudsburg, PA

The buyer of the property is Empire Management, represented by David Muraco. The seller, Bluejay Management, was represented by Marc Jacobowitz and Yerachmeal Jacobson. Jeff Gates acted as the broker in the transaction.

Players

Jeff Gates

SRS Real Estate Partners

Broker

$117.9M

vol

5 deals

Broker
Empire Management
Empire ManagementBuyer
Marc Jacobowitz

Marc Jacobowitz

Bluejay Management

Seller

$181.4M

vol

10 deals

Seller
Bluejay Management
Bluejay ManagementSeller

East Stroudsburg 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

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93