SOLD
United Hampshire US REIT Acquires Retail Property In Philadelphia For $52M
2900 Island Avenue
Retail
258,494 SF
258,494 SF
Sold 1 year ago
Summary
Sale
PENNSYLVANIA
Retail
258,494 sqft
A retail property located at 2900 Island Ave in Philadelphia, Pennsylvania has been sold for a price of $52,000,000. The property spans a total area of 258,494 square feet, resulting in a price per square foot of $201. The transaction took place on November 24, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $52,000,000
- Address: 2900 Island Ave, Philadelphia, Pennsylvania
- Square Footage: 258,494
- Price per Square Foot: $201
The buyer of the property is United Hampshire US REIT, while the seller consists of Onyx Equities, Abrams Realty & Development, and Siguler Guff & Company. Brad Nathanson, representing Institutional Property Advisors (IPA) at Marcus & Millichap, acted as the broker in the transaction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Brad Nathanson
DATE: 11/24/2021
ADDRESS: 2900 Island Ave
MARKET: Philadelphia, Pennsylvania
ASSET TYPE: Retail
BUYER: United Hampshire US REIT
SELLER: Onyx Equities, Abrams Realty & Development, & Siguler Guff & Company
BROKER: Brad Nathanson - Institutional Property Advisors (IPA) - Marcus & Millichap
SALE PRICE: $52,000,000
SF: 258,494 ~ PPSF: $201View on map
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Address2900 Island Avenue
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