Updated Dec 4, 2024
Esra Ainhorn Acquires Industrial Property In Lancaster For $1.65M
2243 East Avenue I
$1,650,000
$137/SF
Building Size
11,970 SF
Asset Type
Industrial
Closing
Nov 15, 2023
About this deal
AI
A 11,970 square foot industrial property located at 2243 East Avenue I in Lancaster has been sold for $1,650,000. The property was bought by Esra Ainhorn from seller Sarkis Andinyan. The deal was facilitated by broker Josh Markowitz of Markowitz Commercial Real Estate.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 2243 East Avenue I, Lancaster
Esra Ainhorn purchased the industrial property at 2243 East Avenue I in Lancaster for a total of $1,650,000. The buyer was represented by broker Josh Markowitz from Markowitz Commercial Real Estate.
Lancaster Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93