Updated Dec 4, 2024
Avi Marciano Acquires Industrial Property In Lancaster For $1.5M
42020 4th Street East
$1,500,000
$229/SF
Building Size
6,538 SF
Asset Type
Industrial
Closing
Nov 1, 2023
About this deal
AI
The industrial property located at 42020 4th Street East in Lancaster has been sold for a price of $1,500,000. The property spans across 6,538 square feet, resulting in a price per square foot of $229. The transaction took place on November 1, 2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 42020 4th Street East, Lancaster
- Square Footage: 6,538
- Price per Square Foot: $229
The buyer of this industrial property was Avi Marciano, while George Passantino acted as the seller. Josh Markowitz, from Markowitz Commercial Real Estate, represented the buyer in this transaction. On the other hand, Gary Mittin, from Gary Mittin Real Estate, served as the seller's representative.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93