Meyer Futersak Acquires Industrial Property In Huntingdon, PA For $21.3M
SOLD
$21,276,800
Pennsylvania
See Similar DealsIndustrial
Sold 02/21/2023
SOLD
Meyer Futersak Acquires Industrial Property In Huntingdon, PA For $21.3M
10320 Fairgrounds Road
See Similar DealsIndustrial
Sold 02/21/2023
Summary
PENNSYLVANIA
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 10320 Fairgrounds Road in Huntingdon, PA has been sold in a closed transaction. The property spans 273,000 square feet and was sold at a price of $21,276,800. This translates to a price per square foot of $78.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,276,800
- Address: 10320 Fairgrounds Road, Huntingdon, PA
- Square Footage: 273,000
- Market: Huntingdon, PA
The buyer of the property is Meyer Futersak. The deal is currently in contract and is expected to close in April. Meyer Futersak represented themselves in this transaction as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,134,762.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,591.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,862.89
Annual Debt Service$1,210,354.64
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