293 Blettner Avenue, LLC Acquires 104.32 Acres Land In Conewago Twp, PA For $3.44M
SOLD
$3,440,000
Pennsylvania
See Similar Deals2,331 SF
Sold 09/02/2021
SOLD
293 Blettner Avenue, LLC Acquires 104.32 Acres Land In Conewago Twp, PA For $3.44M
293 N Blettner Ave, Hanover, Conewago, PA, USA
See Similar Deals2,331 SF
Sold 09/02/2021
Summary
PENNSYLVANIA
Price Per Square Foot:$1,475
Total Square Footage:2,331 SF
Transaction Type:Sale
The land located at 293 N Blettner Ave in Conewago Twp, PA has been sold in a closed transaction. The property spans across 104.32 acres, with a price per acre (PPA) of $32,975. The sale took place on September 2, 2021.
Summary of Transaction Details
- Property Type: Land
- Transaction Amount: $3,440,000
- Address: 293 N Blettner Ave, Conewago Twp, PA
- Market: Conewago Twp, PA
The buyer of the property is 293 Blettner Avenue, LLC, while the seller is Blettner Avenue Limited Partners. The deal was facilitated by Bode and Kevin Hodge, CCIM, representing ROCK Commercial Real Estate.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$183,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,221.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,307.36
Annual Debt Service$195,688.26
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