FOR IMMEDIATE RELEASE
September 29, 2016
SVN | Imperial Realty Senior Advisor Joe Genay, CCIM sells 7918 Main Street in Allentown.
“Neither snow nor rain nor heat nor gloom of night…” stopped us from selling this Post Office in a former late nineteenth century bank. With the three office/retail rentals, the 8,232 SF, three-story selling price of $835,000 at a Cap Rate of 8.1% attracted three brothers from the Philadelphia area.
For more information about this transaction or available properties in Eastern PA, contact Joe Genay at joseph.genay@svn.com or call 484.245.1031.
About SVN®
SVN is the only major commercial real estate brand that markets all of its qualified properties to the entire brokerage and investment community. Participating in approximately $10.1 billion in sales and leasing transactions in 2015, SVN Advisors shared commission fees with co-operating brokers in order to close more deals in less time and at the right value for clients. Advisors also reap the benefits of our SVN Live™ Open Sales Meetings, cloud-based leading-edge technology, and national product councils. This open, transparent and collaborative approach to real estate is the SVN Difference.
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Sperry Van Ness International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. With 200 locations serving over 500 markets, SVN provides sales, leasing, corporate services and property management services to clients across the globe. SVN Advisors also represent clients in auction services, corporate real estate, distressed properties, golf & resort, hospitality, industrial, investment services, land, medical, multifamily, office, retail, self-storage and single tenant investments. All SVN offices are independently owned and operated. For more information, visit www.svn.com.