Updated Dec 14, 2024
U & Me Enterprises Acquires Larkin's Corner Retail Property In Boothwyn, PA For $26M
601 Conchester Highway & 659 Conchester Highway
$26,000,000
$57/SF
Building Size
225,214 SF
Asset Type
Retail
Closing
Oct 12, 2023
About this deal
AI
Site Centers Corp. has completed the sale of the Larkin's Corner retail property in Boothwyn, Pennsylvania. The property, which spans 225,214 square feet, was sold for $26 million to U & Me Enterprises, a Long Island-based investor group.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $26,000,000
- Square Footage: 225,214
- Address: 601-659 Conchester Highway, Boothwyn, PA
- Market: Boothwyn, PA
David Lukes, the CEO of Site Centers Corp, represented the seller in this transaction. JLL Capital Markets served as the broker for the deal.
Players
Glen Mills 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93