FINANCEDIndustrial
Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M
$16,750,000
$16,750,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Dec 9, 2022
AI
The industrial property located in Pennsylvania was sold in a closed transaction. The sale price for the property was $16,750,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $16,750,000
Joe Kotler from Horizon Equities was the buyer in this transaction. Ariel Forman and Asher Urbach, representing the Meridian Capital Group, were the mortgage brokers involved in the deal.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93