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
Deer Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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