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DPIF3 PA 6 & Boundary Ave., LLC Acquires Industrial Property In Spring Garden Twp, PA For $6.5M

Property Image
SOLD
$6,500,000

Pennsylvania

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Industrial210,125 SF
Sold 07/13/2021
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Property Image
SOLD

DPIF3 PA 6 & Boundary Ave., LLC Acquires Industrial Property In Spring Garden Twp, PA For $6.5M

1090 E Boundary Ave, York, Spring Garden Township, PA, USA

See Similar Deals
Industrial210,125 SF
Sold 07/13/2021
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$30
Total Square Footage:210,125 SF
Transaction Type:Sale

The industrial property located at 1090 East Boundary Ave. in Spring Garden Twp, PA was recently sold. The sale was completed on 07/13/2021.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $6,500,000
  • Market: Spring Garden Twp, PA

The buyer, DPIF3 PA 6 & Boundary Ave., LLC, acquired the property from the seller, Glen-Gery Corporation. The sale was facilitated by Nate Resh and David Bode, CCIM, SIOR of ROCK Commercial Real Estate.

Players

Nate Resh
2 deals$9.8M volume
BROKER

David Bode
ROCK Commercial Real Estate
2 deals$9.8M volume
BROKER

Details

SOLD
IMAGE: David Bode & Nate Resh DATE: 07/13/2021 ADDRESS: 1090 East Boundary Ave. MARKET: Spring Garden Twp, PA ASSET TYPE: Industrial BUYER: DPIF3 PA 6 & Boundary Ave., LLC SELLER: Glen-Gery Corporation BROKERS: Nate Resh & David Bode, CCIM, SIOR - ROCK Commercial Real Estate SALE PRICE: $6,500,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79