TMC Pottstown, LLC Acquires 60,000 SF Warehouse In Pottstown Industrial Park For $5.2M
263 Shoemaker Road Pottstown, Pennsylvania 19464, USA
$5,200,000
$86/SF
Building Size
60,000 SF
Asset Type
Industrial
Closing
Aug 4, 2023
AI
A 60,000 square-foot warehouse/distribution building located at 263 Shoemaker Road in Pottstown, Pennsylvania has been sold for $5.2 million. The property, situated in the Pottstown Industrial Park, spans across 10.34 acres. The buyer, TMC Pottstown, LLC, acquired the fully occupied asset from the seller, Wynnestay, LLP. The transaction was facilitated by CBRE brokers Paul Touhey, Stephen Marzullo, and Adam Silverman.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $5,200,000
- Address: 263 Shoemaker Road, Pottstown, Pennsylvania
- Market: Pottstown, Pennsylvania
- Acres: 10.34
The sale of this property was completed at a price of $87 per square foot. The warehouse/distribution building was fully occupied by The Eastwood Company under a long-term lease agreement. This transaction marks a significant investment in the industrial sector of Pottstown, Pennsylvania.
Players
Pottstown 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93