facebook
Traded Co logo
Submit

Brickman Acquires Industrial Property In Harrisburg, PA For $24.4M

Property Image
SOLD
$24,400,000

Pennsylvania

See Similar Deals
Industrial254,449 SF
Sold 01/03/2022
the dealplayerscompscontact
Property Image
SOLD

Brickman Acquires Industrial Property In Harrisburg, PA For $24.4M

301 Railroad Avenue, Camp Hill, Pennsylvania 17011, United States

See Similar Deals
Industrial254,449 SF
Sold 01/03/2022
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:254,449 SF
Transaction Type:Sale

Brickman has acquired an industrial property located at 301 Railroad Ave in Harrisburg, PA. The property spans 254,449 square feet and was sold for a total price of $24,400,000. The sale price per square foot was $96. The transaction took place on January 3, 2022. The seller of the property was Penwood Real Estate Investment Management. The deal was facilitated by brokers John Plower, Ryan Cottone, and Zach Maguire from JLL.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,400,000
  • Date: 01/03/2022
  • Address: 301 Railroad Ave, Harrisburg, PA
  • Market: Harrisburg, PA
  • Buyer: Brickman
  • Seller: Penwood Real Estate Investment Management
  • Brokers: John Plower, Ryan Cottone, and Zach Maguire - JLL
  • Square Footage: 254,449
  • Price Per Square Foot: $96

Ryan Cottone, John Plower, and Zach Maguire from JLL acted as the representatives for Brickman in this transaction. The acquisition of the industrial property marks a significant investment in the Harrisburg, PA market for Brickman.

Players

John Plower
17 deals$1.1B volume
BROKER

Ryan Cottone
JLL
15 deals$984.1M volume
BROKER

Zach Maguire
JLL
5 deals$254.5M volume
BROKER

Penwood Real Estate Investment Management
SELLER

Details

SOLD
IMAGE: Ryan Cottone & John Plower DATE: 01/03/2022 ADDRESS: 301 Railroad Ave. MARKET: Harrisburg, PA ASSET TYPE: Industrial BUYER: Brickman SELLER: Penwood Real Estate Investment Management BROKERS: John Plower, Ryan Cottone & Zach Maguire - JLL SALE PRICE: $24,400,000 SF: 254,449 ~ PPSF: $96

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,301,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$86,688.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,668.45
Annual Debt Service$1,388,021.38