The Keith Corp. & The Kiel Group Sell Industrial Property In Shoemakersville, Pennsylvania For $54.5M
SOLD
$54,500,000
+ 1
Pennsylvania
See Similar DealsIndustrial310,238 SF
Sold 08/19/2022
SOLD
The Keith Corp. & The Kiel Group Sell Industrial Property In Shoemakersville, Pennsylvania For $54.5M
323 Logistics Dr, Shoemakersville, PA 19555
See Similar DealsIndustrial310,238 SF
Sold 08/19/2022
+ 1
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:310,238 SF
Transaction Type:Sale
The industrial property located at 323 Logistics Drive in Shoemakersville, Pennsylvania has been sold for a price of $54,500,000. The property covers an area of 24 acres and has a total square footage of 310,238. The sale was facilitated by brokers John Plower, Ryan Cottone, Jeff Lockard, and Ryan Barros from JLL. The transaction took place on August 19, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $54,500,000
- Address: 323 Logistics Drive, Shoemakersville, Pennsylvania
- Market: Shoemakersville, Pennsylvania
- Acres: 24
- Broker: John Plower, Ryan Cottone, Jeff Lockard & Ryan Barros - JLL
The property, which has a price per square foot of $176, was sold by The Keith Corp. & The Kiel Group. The deal represents a significant transaction in the industrial real estate market. The brokers from JLL played a crucial role in facilitating the sale and ensuring a successful transaction for all parties involved.
Players
SELLER
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,906,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$193,627.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$258,357.80
Annual Debt Service$3,100,293.66
Is there something missing? Send suggestions