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220 North Park Road

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

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

Mark Gjonbalaj

Marcus & Millichap

Broker

$69.8M

vol

8 deals

Broker

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