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Adam Dickert, Dan Dalonis, Kathy Anderson, And Roy Pascal Acquire Industrial Property In Wyomissing, PA For $11.75M

Property Image
SOLD
$11,750,000
Alan Cafiero
Mark Gjonbalaj

Pennsylvania

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Industrial143,000 SF
Sold 06/09/2023
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Property Image
SOLD

Adam Dickert, Dan Dalonis, Kathy Anderson, And Roy Pascal Acquire Industrial Property In Wyomissing, PA For $11.75M

220 North Park Road

See Similar Deals
Industrial143,000 SF
Sold 06/09/2023
Alan Cafiero
Mark Gjonbalaj
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$82
Total Square Footage:143,000 SF
Transaction Type:Sale

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

Mark Gjonbalaj
Marcus & Millichap
Mark Gjonbalaj
8 deals$69.8M volume(201) 742-6136
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER

Details

SOLD
IMAGE: Roy Pascal, Adam Dickert, Dan Dalonis & Kathy Anderson DATE: 06/09/2023 ADDRESS: 220 North Park Road MARKET: Wyomissing, PA ASSET TYPE: Industrial BUYER: Adam Dickert, Dan Dalonis (@Dansalonis_PRP), Kathy Anderson (@Money.Girl.Kathy) - Progress Realty Partners (@PRP.US) & Roy Pascal - Commerce Park Investors (@CommerceParkInvestors) BROKERS: Alan Cafiero (@AlanCafiero), Mark Gjonbalaj (@MGjonbalaj) - Marcus & Millichap (@MarcusMillichap_NewJersey) SALE PRICE: $11,750,000 SF: 143,000 ~ PPSF: $82

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$626,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,745.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,700.99
Annual Debt Service$668,411.93