The Flynn Company Announces Sale of of 239-45 North Broad Street
The Flynn Company recently represented the Seller in the sale of 239-45 North Broad Street in Center City Philadelphia. The 3-story, 15,000 SF office building was occupied by three office tenants, two retail tenants and an existing rooftop billboard lease at the time of sale. The Seller was a non-profit organization that occupied space in the building and The Flynn Company worked with them to structure a sale-leaseback that maximized the value of the Property and the Seller’s return on their original investment; our team negotiated attractive lease terms allowing the Seller to continue to serve their mission without the demanding task of managing the real estate they occupy.
The Flynn Company’s Center City team began marketing the property in the winter of 2014 and within just two months received numerous attractive offers to purchase. The significant interest garnered by the sales team allowed the seller to leverage multiple offers against one another and negotiate a very strong sale price.
The Flynn Company is very active in the commercial real estate sales market in Philadelphia, if you have an interest in selling your property or in discussing current market values please contact contact us.