NPC Global Acquires Industrial Property In West Hazleton, PA For $6.45M
150 Jaycee Dr West Hazleton, PA 18202, USA
$6,450,000
$70/SF
Building Size
92,000 SF
Asset Type
Industrial
Closing
Jun 5, 2023
AI
The industrial property located at 150 Jaycee Drive in West Hazleton, PA has been sold in a closed transaction. The property spans 92,000 square feet and was sold for a price of $6,450,000, resulting in a price per square foot of $70.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,450,000
- Property Type: Industrial
- Transaction Amount: $6,450,000
The buyer of the property is NPC Global, while the seller is Sky Organics. The deal was facilitated by two broker teams. Abraham Kromah and John LaPrise from CBRE represented the buyer, and Mark McGarrity and Peter Stevens from Vista Realty Partners represented the seller.
Players
West Hazleton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93