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Stag Industrial Acquires Industrial Building In Harleysville For $14.8M
SOLD
$14,800,000
Pennsylvania
See Similar DealsIndustrial152,625 SF
Sold 08/24/2023
SOLD
Stag Industrial Acquires Industrial Building In Harleysville For $14.8M
1510 Gehman Road Harleysville, PA 19438, USA
See Similar DealsIndustrial152,625 SF
Sold 08/24/2023
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:152,625 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$789,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,581.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,159.55
Annual Debt Service$841,914.61
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