Wafra Inc Acquires Retail Property In Montgomeryville, Philadelphia For $82.4M
SOLD
$82,400,000
Pennsylvania
See Similar DealsRetail298,719 SF
Sold 09/21/2022
SOLD
Wafra Inc Acquires Retail Property In Montgomeryville, Philadelphia For $82.4M
801 Bethlehem Pike, Montgomeryville, Pennsylvania 19454, United States
See Similar DealsRetail298,719 SF
Sold 09/21/2022
Summary
PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$275
Total Square Footage:298,719 SF
Transaction Type:Sale
801 Bethlehem Pike in Montgomeryville, Philadelphia was recently sold in a transaction facilitated by JLL Capital Markets. The retail property, spanning 298,719 square feet, was sold for a price of $82,400,000. The sale was completed on 09/21/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $82,400,000
- Address: 801 Bethlehem Pike, Montgomeryville, Philadelphia
- Square Footage: 298,719
- Market: Montgomeryville, Philadelphia
Wafra Inc acquired the property from the Los Angeles County Employees Retirement Association. Jim Galbally and Christopher Munley from JLL Capital Markets represented the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$292,749.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$390,618.04
Annual Debt Service$4,687,416.46
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