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

$8,800,000

$61/SF

Building Size

143,000 SF

Asset Type

Industrial

Closing

Jun 9, 2023

AI

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.

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