Updated Oct 29, 2024
Raymour & Flanigan Acquires 100,232 Sqft Industrial Property In York, PA For $16.95M
350 North Sherman Street
$16,950,000
$169/SF
Building Size
100,232 SF
Asset Type
Industrial
Closing
Jul 25, 2023
About this deal
AI
A 100,232-square-foot industrial property located at 350 North Sherman Street in York, Pennsylvania, has been sold for a price of $16,950,000. The property covers an area of 5.7 acres and features 14 dock doors, providing easy access to major cities through Interstate 83.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $16,950,000
- Address: 350 North Sherman Street, York, Pennsylvania
- Market: York, Pennsylvania
- Square Footage: 100,232
The buyer in this transaction is Raymour & Flanigan, represented by Seth Goldberg. The seller is Dalfen Industrial. The deal was facilitated by the brokers Cushman & Wakefield and Newmark. This acquisition by Raymour & Flanigan expands its industrial property portfolio, allowing them to further enhance their operations in York, Pennsylvania and the surrounding areas.
Players
York 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93