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Marcus & Millichap Sells Dollar General Center In Lemoyne, Pennsylvania For $3.4M

Property Image
SOLD
$3,415,000

Pennsylvania

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Retail34,389 SF
Sold 08/22/2023
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Property Image
SOLD

Marcus & Millichap Sells Dollar General Center In Lemoyne, Pennsylvania For $3.4M

836 Market Street Lemoyne, Pennsylvania 17043, Usa

See Similar Deals
Retail34,389 SF
Sold 08/22/2023
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Summary

PENNSYLVANIA
Asset Type:Retail
Price Per Square Foot:$99
Total Square Footage:34,389 SF
Transaction Type:Sale

The retail property located at 836 Market Street in Lemoyne, Pennsylvania has been sold for $3,415,000. The Class A strip center, known as the Dollar General Center, spans across an area of 34,389 square feet and has a price per square foot of $99. The transaction was facilitated by brokers Craig Dunkle and Mher Vartanian from Marcus & Millichap.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,415,000
  • Square Footage: 34,389
  • Price Per Square Foot: $99
  • Address: 836 Market Street, Lemoyne, Pennsylvania
  • Market: Lemoyne, Pennsylvania
  • Brokers: Craig Dunkle & Mher Vartanian - Marcus & Millichap

Marcus & Millichap announced the successful sale of the Dollar General Center in Lemoyne, PA. The property was marketed by brokers Craig Dunkle and Mher Vartanian and was purchased by a limited liability company. The transaction represents a significant commercial real estate deal in the retail sector.

Players

Craig Dunkle
11 deals$60.9M volume(717) 554-4881
BROKER

Mher Vartanian
SCOPE
9 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: Craig Dunkle & Mher Vartanian DATE: 08/22/2023 ADDRESS: 836 Market Street MARKET: Lemoyne, Pennsylvania ASSET TYPE: Retail BROKERS: Craig Dunkle (@Craig__Tyler) & Mher Vartanian (@Mher_Vartanian) - Marcus & Millichap (@MarcusMillichap_NewJersey) SALE PRICE: $3,415,000 SF: 34,389 ~ PPSF: $99 NOTE: Marcus & Millichap announced the $3.4 million sale of Dollar General Center, a retail property in Lemoyne, PA. The Class A strip center was marketed by Craig Dunkle and Mher Vartanian and acquired by a limited liability company.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$182,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,132.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,188.84
Annual Debt Service$194,266.11