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10320 Fairgrounds Road

Meyer Futersak Acquires Industrial Property In Huntingdon, PA For $21.3M
SOLDIndustrial

Meyer Futersak Acquires Industrial Property In Huntingdon, PA For $21.3M

10320 Fairgrounds Road

$21,276,800

Building Size

Asset Type

Industrial

Closing

Feb 21, 2023

AI

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.

Players

Meyer Futersak

Cedarwood Group

Buyer

$238.8M

vol

8 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93