Adam Dickert, Dan Dalonis, Kathy Anderson, And Roy Pascal Acquire Industrial Property In Wyomissing, PA For $11.75M
220 North Park Road
$11,750,000
$82/SF
Building Size
143,000 SF
Asset Type
Industrial
Closing
Jun 9, 2023
AI
The industrial property located at 220 North Park Road in Wyomissing, PA has been sold for a price of $11,750,000. The property spans a total area of 143,000 square feet, resulting in a price per square foot of $82. The transaction took place on 06/09/2023.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $11,750,000
- Square Footage: 143,000
- Price Per Square Foot: $82
- Address: 220 North Park Road, Wyomissing, PA
- Market: Wyomissing, PA
The buyers involved in the transaction are Adam Dickert, Dan Dalonis, Kathy Anderson from Progress Realty Partners, and Roy Pascal from Commerce Park Investors. The property was represented by Alan Cafiero and Mark Gjonbalaj of Marcus & Millichap.
Players
Wyomissing 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93