Adam Dickert, Dan Salonis & Roy Pascal Acquire 143,000 SF Industrial Property In Wyomissing, PA With $8.8M Acquisition Loan From Progress Capital
FINANCED
$8,800,000
+ 2
Pennsylvania
See Similar DealsIndustrial143,000 SF
Financed 06/09/2023
FINANCED
Adam Dickert, Dan Salonis & Roy Pascal Acquire 143,000 SF Industrial Property In Wyomissing, PA With $8.8M Acquisition Loan From Progress Capital
220 N Park Rd Wyomissing, PA 19610, USA
See Similar DealsIndustrial143,000 SF
Financed 06/09/2023
+ 2
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$61
Total Square Footage:143,000 SF
Transaction Type:Loan
The industrial property located at 220 North Park Road in Wyomissing, PA, with a total area of 143,000 square feet, was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,800,000
- Loan Type: Acquisition
- Loan Terms: 75% LTV, 12-months I/O, 10-Year Term/25-Year Amortization
The landlord of the property, Adam Dickert, Dan Salonis, and Roy Pascal, sought the assistance of brokers Kathy Anderson and Caillin Boles from Progress Capital in securing the loan.
Note: The article does not provide any further details regarding the transaction.Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,800,000.00
Monthly NOI$58,666.67
Monthly Debt Service$55,621.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions