SOLD
Bill Cook Acquires Retail Property In Coatesville, PA For $9M
101 Reeceville Road
Retail
13,000 SF
13,000 SF
Sold 1 year ago
Summary
Sale
PENNSYLVANIA
Retail
13,000 sqft
Located at 101 Reeceville Rd in Coatesville, PA, this retail property has been recently sold. The transaction, which took place on 04/25/2022, involved a NNN leased CVS with a remaining lease term of 16 years. The property spans an area of 13,000 square feet and was purchased for a total price of $9,000,000, resulting in a price per square foot of $692.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 101 Reeceville Rd, Coatesville, PA
- Market: Coatesville, PA
The buyer in this transaction is Bill Cook, while the seller is Brian Tolstano. Represented by Josh Goldflam of Highcap Group, the deal was successfully facilitated. It is worth noting that the property was purchased at a 5.5% capitalization rate (CAP).
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Josh Goldflam
DATE: 04/25/2022
ADDRESS: 101 Reeceville Rd.
MARKET: Coatesville, PA
ASSET TYPE: Retail
BUYER: Bill Cook
SELLER: Brian Tolstano
BROKER: Josh Goldflam (@JoshGoldflam) - Highcap Group (@Highcap_Group)
SALE PRICE: $9,000,000
SF: 13,000 ~ PPSF: $692
NOTE FROM @Highcap_Group: 16 years remaining on a NNN leased CVS, bought at a 5.5% CAPView on map
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Address101 Reeceville Road
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