Updated Oct 28, 2024
Owls Nest Properties LLC Acquires Retail Property In Lancaster, PA For $4M
825 East Chestnut Street, Lancaster, PA, USA
$4,000,000
$190/SF
Building Size
21,000 SF
Asset Type
Retail
Closing
Apr 4, 2021
About this deal
AI
Owls Nest Properties LLC has acquired a retail property located at 825 E Chestnut Street in Lancaster, PA. The property spans approximately 21,000 square feet, with a price per square foot of $190. Situated on a 3-acre lot, the property was sold for $4,000,000, equating to a price per acre of $1,333,333.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 825 E Chestnut Street, Lancaster, PA
- Market: Lancaster, PA
- Square Footage: 21,000 sqft
- Price Per Square Foot: $190
- Lot Size: 3 acres
- Price Per Acre: $1,333,333
Chris Moore of Patterson-Woods Commercial Properties/CORFAC represented Owls Nest Properties LLC in this transaction.
Lancaster 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93