Updated Oct 28, 2024
First National Realty Partners Acquires Retail Property In Quakertown, Pennsylvania For $28.8M
616 North West End Boulevard, Quakertown, Pennsylvania 18951, United States
$28,800,000
Building Size
—
Asset Type
Retail
Closing
Oct 13, 2022
About this deal
AI
The retail property located at 616 North West End Blvd in Quakertown, Pennsylvania has been sold for $28,800,000. The transaction took place on 10/14/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $28,800,000
- Address: 616 North West End Blvd
- Market: Quakertown, Pennsylvania
The buyer of the property is First National Realty Partners, represented by Chris Palermo and Anthony Grosso. The seller is KPR. The deal was facilitated by JLL Capital Markets as the broker. keybank-''>KeyBank provided the lending for the transaction.
On the Map
$28,800,000
Retail
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Players
Quakertown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93