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609 Acorn Street

Adalbert Geiger And Jasmin Dessol Acquire Industrial Property At 609 Acorn Street For $3.8M
SOLDIndustrial

Adalbert Geiger And Jasmin Dessol Acquire Industrial Property At 609 Acorn Street For $3.8M

609 Acorn Street

$3,800,000

$282/SF

Building Size

13,460 SF

Asset Type

Industrial

Closing

Jun 15, 2025

AI

The asset involved in the transaction is an industrial property located at 609 Acorn Street in Deer Park. The sale price for this property was $3,800,000, encompassing a total area of 13,460 square feet, which results in a price per square foot of $282.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,800,000
  • Address: 609 Acorn Street
  • Market: Deer Park
  • Square Footage: 13,460
  • Price Per Square Foot: $282
  • Buyer: Adalbert Geiger & Jasmin Dessol
  • Seller: Eun Joo Choi
  • Buyer's Representative: Jason Merrell - Island Associates Real Estate Inc.
  • Seller's Representative: Mario Asaro - Industry One Realty Corporation

This transaction involved key individuals such as buyers Adalbert Geiger and Jasmin Dessol, and seller Eun Joo Choi. They were represented by real estate professionals Jason Merrell from Island Associates Real Estate Inc. and Mario Asaro from Industry One Realty Corporation, facilitating the respective sides of the deal.

Players

Jason Merrell

Island Associates Real Estate Inc.

Broker

$26.2M

vol

8 deals

Broker
Industry One Realty Corporation
Industry One Realty CorporationBrokerage

Deer Park 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93