Endurance Real Estate Group Acquires Industrial Property On Hecktown Road In Easton, PA For $62.3M
3747 Hecktown Road, Easton, PA, USA
$62,300,000
$202/SF
Building Size
307,300 SF
Asset Type
Industrial
Closing
Oct 27, 2021
AI
The Industrial property located at 3747 Hecktown Road in Easton, Pa has been sold. The property spans across 28 acres and is owned by Endurance Real Estate Group LLC, represented by Albert Corr. The sale was facilitated by brokers John Plower, Ryan Cottone, Zach Maguire, and Jeff Lockard from JLL. The transaction took place on 10/27/2021.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $62,300,000
- Square Footage: 307,300
- Price per Square Foot: $203
- Address: 3747 Hecktown Road, Easton, PA
- Market: Easton, PA
The deal involved the sale of a sizable industrial property with a significant sale price of $62,300,000. Covering an area of 307,300 square feet, the property is located at 3747 Hecktown Road in Easton, PA. The market in Easton, PA, played a crucial role in attracting potential buyers. Endurance Real Estate Group LLC, led by Albert Corr, represented the seller in this transaction. JLL's team of brokers, including John Plower, Ryan Cottone, Zach Maguire, and Jeff Lockard, facilitated the deal on behalf of their client.
Players
Easton 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93