Capital Commercial RE Grp. brokers $8.25m sale
Berwyn, PA — Capital Commercial Real Estate Group, Inc is proud to announce the sale of The Tesla Auto Dealership located at 450-496 Lancaster Ave. in Berwyn, PA. Chris Yangello facilitated the transaction between the seller and the buyer. The Dealership sold for $8.25 million with a NOI of $630,000.00, Cap Rate 7.64%, ten year lease with Four/Five Year Options w/a 10% increase. The Property sits on 4.16 acres located on Philadelphia’s Main Line Highly Desirable Rte. 30 Corridor.