Updated Oct 29, 2024
Stag Industrial Acquires Industrial Building In Harleysville For $14.8M
1510 Gehman Road Harleysville, PA 19438, USA
$14,800,000
$97/SF
Building Size
152,625 SF
Asset Type
Industrial
Closing
Aug 24, 2023
About this deal
AI
A 152,625-square-foot industrial building located at 1510 Gehman Road in Harleysville, PA, has been sold for $14.8 million. The buyer, Stag Industrial, a Boston-based investment trust, acquired the property from Platinum Owner PA LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,800,000
- Address: 1510 Gehman Road
- Market: Harleysville, PA
- Square Footage: 152,625
- Price per Square Foot: $97
This transaction marks the acquisition of the industrial building by Stag Industrial. The property offers 152,625 square feet of space and is situated at 1510 Gehman Road in Harleysville, PA. Platinum Owner PA LLC was the seller in the deal, while Stag Industrial acted as the buyer.
Players
Harleysville 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93