Updated Dec 21, 2023
Cleeman Realty Group Sells Retail Property In Tunkhannock, PA For $4.75M
600 Hunter Highway
$4,750,000
$69/SF
Building Size
68,000 SF
Asset Type
Retail
Closing
May 19, 2021
About this deal
AI
Located in Tunkhannock, PA, this retail property at 600 Hunter Hwy recently changed ownership. The transaction was facilitated by Cleeman Realty Group. The property spans 68,000 square feet and sits on 6.9 acres of land. The sale price reached $4,750,000, resulting in a price per square foot of $70 and a price per acre of $688,406.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,750,000
- Address: 600 Hunter Hwy, Tunkhannock, PA
- Market: Tunkhannock, PA
- Square Footage: 68,000
- Price per Square Foot: $70
- Acres: 6.9
- Price per Acre: $688,406
The sale of this retail property represents a significant transaction in the Tunkhannock market. Cleeman Realty Group successfully handled the negotiations and assisted in completing the deal.
Players
Tunkhannock 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93