Updated Oct 29, 2024
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
About this deal
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.
Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M is logged as a industrial loan on Traded (2022). The building is 1 square feet, implying about 16.8M per square foot on the published price. Ariel Forman, Asher Urbach, Joe Kotler, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the market file for the Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M industrial financed: pricing, party profiles, and other closed industrial comps from the same area sit in the Market section below. Cite this Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M loan when underwriting similar industrial product.
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