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180-184 Courtright Street

Joe Davidson Sells Industrial Property In Wilkes-Barre For $11.5M
SOLDIndustrial

Joe Davidson Sells Industrial Property In Wilkes-Barre For $11.5M

Building Size

460,000 SF

Asset Type

Industrial

Closing

Feb 29, 2024

AI

The industrial property located at 180-184 Courtright Street in Wilkes-Barre, PA, was recently sold for $11,500,000. The asset spans 230,000 square feet, resulting in a price per square foot of $50. The sale was facilitated by Shaya Nisnevitz & Bryna Flaum from KSR, representing the seller, Joe Davidson.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,500,000
  • Market: Wilkes-Barre, PA
  • Address: 180-184 Courtright Street
  • SF: 230,000
  • Seller: Joe Davidson
  • Broker: Shaya Nisnevitz & Bryna Flaum - KSR

Shaya Nisnevitz and Bryna Flaum, from KSR, played a crucial role in finalizing the sale of the industrial property. The successful transaction was marked by their diligent efforts and expertise in the real estate market, ensuring a smooth process for all parties involved.

Players

Shaya Nisnevitz

Kassin Sabbagh Realty

Broker

$96.9M

vol

10 deals

Broker

Market 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93