Updated Sep 10, 2026
Wharton Realty Group Inc. Acquires Retail Property In Reading, Pennsylvania For $72M
4599 Perkiomen Avenue, Reading, Pennsylvania 19606, United States
$72,000,000
$199/SF
Building Size
361,095 SF
Asset Type
Retail
Closing
Mar 17, 2022
About this deal
AI
The retail property located at 4599 Perkiomen Ave in Reading, Pennsylvania was recently sold for a total sale price of $72,000,000. The property spans across 50 acres and has a total square footage of 361,095. The sale took place on March 18, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $72,000,000
- Square Footage: 361,095
- Address: 4599 Perkiomen Ave, Reading, Pennsylvania
- Market: Reading, Pennsylvania
- Acres: 50
Wharton Realty Group Inc. was the buyer in this transaction. The buyer was represented by Christopher Munley and Colin Behr, who work for JLL.
Players
Reading 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93