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Marcus & Millichap Sells 138,000 SF Industrial Property In Williamsport, PA For $3.95M

Property Image
SOLD
$3,950,000
Mher Vartanian
Craig Dunkle

Pennsylvania

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Industrial138,000 SF
Sold 05/17/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells 138,000 SF Industrial Property In Williamsport, PA For $3.95M

3231 Lycoming Creek Road Williamsport, Pennsylvania 17701, Usa

See Similar Deals
Industrial138,000 SF
Sold 05/17/2023
Mher Vartanian
Craig Dunkle
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$28
Total Square Footage:138,000 SF
Transaction Type:Sale

Marcus & Millichap has sold a 138,000-square-foot industrial property located at 3231 Lycoming Creek Road in Williamsport, Pennsylvania. The property was sold for $3,950,000, resulting in a price per square foot of $29. The transaction was facilitated by brokers Craig Dunkle and Mher Vartanian from Marcus & Millichap.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,950,000
  • Square Footage: 138,000
  • Address: 3231 Lycoming Creek Road, Williamsport, Pennsylvania
  • Market: Williamsport, Pennsylvania

The industrial property underwent renovations and is strategically located within the Williamsport industrial hub, providing easy access to State Route 15. The transaction highlights the successful collaboration between Marcus & Millichap and the buyer, showcasing the expertise and professionalism of brokers Craig Dunkle and Mher Vartanian.

Players

Craig Dunkle
SCOPE
Craig Dunkle
11 deals$60.9M volume(717) 554-4881
BROKER
Mher Vartanian
SCOPE
Mher Vartanian
9 deals$54.9M volume
BROKER

Details

SOLD
IMAGE: Craig Dunkle & Mher Vartanian DATE: 05/17/2023 ADDRESS: 3231 Lycoming Creek Road MARKET: Williamsport, Pennsylvania ASSET TYPE: Industrial BROKERS: Craig Dunkle & Mher Vartanian - Marcus & Millichap SALE PRICE: $3,950,000 SF: 138,000 ~ PPSF: $29 NOTE: Marcus & Millichap has sold a 138,000-square-foot industrial property in Williamsport, Pennsylvania for $3,950,000. The property, located at 3231 Lycoming Creek Rd, underwent renovations and sits in a strategic location within the Williamsport industrial hub with easy access to State Route 15.

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

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18