Will Krasne Of Spectre Equities LLC Acquires Industrial Asset From Lawrence Witte For $7.15M
SOLD
$7,150,000
Pennsylvania
See Similar DealsIndustrial66,000 SF
Sold 02/13/2026
SOLD
Will Krasne Of Spectre Equities LLC Acquires Industrial Asset From Lawrence Witte For $7.15M
20 Flour Mill Road
See Similar DealsIndustrial66,000 SF
Sold 02/13/2026
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:66,000 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 20 Flour Mill Road in the York market. The sale price for the property was $7,150,000, featuring a total of 66,000 square feet, resulting in a price per square foot of $108. The facility was fully leased at the time of the sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,150,000
- Address: 20 Flour Mill Road
- Market: York
- Square Footage: 66,000
- Price per Square Foot: $108
- Buyer: Will Krasne - Spectre Equities LLC
- Seller: Lawrence Witte
- Brokers: Adam Boussatta & Jason Grace - Landmark Commercial Realty
Adam Boussatta and Jason Grace represented both parties in this off-market transaction. For commercial real estate inquiries, Adam Boussatta can be contacted at 717.603.1209 or [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77
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