Updated Dec 4, 2024
Eli Serebrowski & Meir Schlusselberg Secure $5.65M Acquisition Loan For Industrial Asset In Warminster
36 Vincent Circle
$5,650,000
$99/SF
Building Size
57,000 SF
Asset Type
Industrial
Closing
Oct 9, 2024
About this deal
AI
The asset involved in this transaction is an industrial property located at 36 Vincent Circle in Warminster, PA. The property encompasses a total square footage of 57,000. An acquisition loan was secured for this asset amounting to $5,650,000, with terms set to interest-only payments.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,650,000
- Loan Type: Acquisition
- Loan Terms: Interest Only
- Date of Transaction: 10/09/2024
- Brokers: Eli Serebrowski & Meir Schlusselberg - Meridian Capital Group
The key individuals involved in the deal are brokers Eli Serebrowski and Meir Schlusselberg, representing Meridian Capital Group in this transaction. Their roles were instrumental in facilitating the acquisition loan for the industrial property.
On the Map
$5,650,000
$99/SF
Industrial
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Players
Warminster Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93