Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M
FINANCED
$16,750,000
National
See Similar DealsIndustrial1 SF
Financed 12/09/2022
FINANCED
Horizon Equities Acquires Industrial Property In Pennsylvania For $16.75M
Industrial1 SF
Financed 12/09/2022
Summary
Asset Type:Industrial
Price Per Square Foot:$16,750,000
Total Square Footage:1 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,750,000.00
Monthly NOI$111,666.67
Monthly Debt Service$105,871.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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