Updated Dec 4, 2024
South Atlantic Packaging Corp. Leases 133055 Square Feet At 1091 Arnold Rd Reading Pa
1091 Arnold Road
Building Size
133,055 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
North Carolina-based South Atlantic Packaging Corp. has entered into an industrial lease for a total area of 133,055 square feet located at 1091 Arnold Road, Reading, PA 19605. The deal took place in the Reading market.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 1091 Arnold Rd, Reading, PA, 19605
- Square Feet: 133,055
- Tenant: South Atlantic Packaging Corp.
- Landlord: Affiliate of Link Logistics Real Estate
- Tenant's Representative: Del Markward - Markward Group
CBRE acted as the representative for the landlord, facilitating the lease negotiations for the property. Del Markward of Markward Group represented the interests of the tenant throughout the transaction.
Players
Reading Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93