Updated Oct 28, 2024
ExchangeRight Acquires Retail Property In North Wales For $22.6M
500 Montgomery Mall, North Wales, PA 19454 USA
$22,600,000
$176/SF
Building Size
128,000 SF
Asset Type
Retail
Closing
Sep 1, 2022
About this deal
AI
An ExchangeRight managed by Kohan Retail Investment Group has sold a retail property located at 500 Montgomery Mall North in North Wales. The property, featuring a total of 128,000 square feet of space, was sold for a price of $22,600,000, resulting in a price per square foot of $177.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,600,000
- Square Footage: 128,000
- Address: 500 Montgomery Mall North, North Wales
- Market: North Wales
Kohan Retail Investment Group, acting as the seller, facilitated the transaction with ExchangeRight as the buyer.
Players
North Wales Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Pennsylvania retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93