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
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