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The Flynn Company Announces Sale of 1511 Pine Street

Posted by FlynnCompany on December 14, 2015
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Center  City  –  The  Flynn  Company  recently  represented  the  Seller  in  the  sale  of  1511  Pine Street in Center City Philadelphia.  The 3-story, 1,248 SF mixed-use building was fully occupied at the  time  of  sale;  two  residential  apartments  and  a  commercial  tenant,  Waffles  &  Wedges,  on  the ground  floor.    The  Seller  had  renovated  the  building  in  2010  and  with  meticulous  maintenance  the property had remained in tremendous condition. The Flynn Company worked alongside the Seller in providing financial analysis of the in-place income which helped determine the value of the asset and ultimately helped support the purchase price of $700,000.  Working towards a successful Closing, we assisted in negotiating deal terms that were acceptable to both the buyer and seller.

The Flynn Company is very  active in the commercial real estate sales market in Center City Philadelphia,  selling  in  excess  of  $30  million  in  gross  sales  in  the  past  18  months.  If  you  have  an interest in selling your property or in discussing current market values please contact Brendan Flynn (bflynn@flynnco.com) or  Michael  Gallagher  (mgallagher@flynnco.com)  at (215) 561-6565.    Information on additional commercial properties The Flynn Company exclusively represents can be found at www.flynnco.com.

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