Updated Oct 28, 2024
Realty Resource Capital Corp Acquires Retail Property In Warrington, PA For $22.5M
620 Easton Road, Warrington Township, Pennsylvania 18976, United States
$22,500,000
$256/SF
Building Size
87,581 SF
Asset Type
Retail
Closing
Jan 10, 2022
About this deal
AI
The retail property located at 620 Easton Rd in Warrington, PA has been sold. The transaction took place on January 10, 2022. The property, with a total square footage of 87,581, was sold for $22,500,000 at a price per square foot of $257. The buyer in this transaction was Realty Resource Capital Corp, while the seller was Valley Forge Investment Corp. The deal was facilitated by Brad Nathanson of Institutional Property Advisors (IPA), which is a part of Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,500,000
The buyer of the property is Realty Resource Capital Corp, while the seller is Valley Forge Investment Corp. The deal was brokered by Brad Nathanson of Institutional Property Advisors (IPA) - Marcus & Millichap.
Players
Warrington 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93