Marcus & Millichap Sells 138,000 SF Industrial Property In Williamsport, PA For $3.95M
3231 Lycoming Creek Road Williamsport, Pennsylvania 17701, Usa
$3,950,000
$28/SF
Building Size
138,000 SF
Asset Type
Industrial
Closing
May 17, 2023
AI
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
Williamsport Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93