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Endurance Real Estate Group Acquires Industrial Property On Hecktown Road In Easton, PA For $62.3M

Property Image
SOLD
$62,300,000
Ryan Cottone
John Plower
+ 2

Pennsylvania

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Industrial307,300 SF
Sold 10/27/2021
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Property Image
SOLD

Endurance Real Estate Group Acquires Industrial Property On Hecktown Road In Easton, PA For $62.3M

3747 Hecktown Road, Easton, PA, USA

See Similar Deals
Industrial307,300 SF
Sold 10/27/2021
Ryan Cottone
John Plower
+ 2
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$202
Total Square Footage:307,300 SF
Transaction Type:Sale

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

John Plower
17 deals$1.1B volume
BROKER

Ryan Cottone
JLL
15 deals$984.1M volume
BROKER

Jeff Lockard
JLL
7 deals$605.1M volume
BROKER

Zach Maguire
JLL
5 deals$254.5M volume
BROKER

Details

SOLD
IMAGE: Albert Corr, John Plower, Ryan Cottone & Jeff Lockard DATE: 10/27/2021 ADDRESS: 3747 Hecktown Road MARKET: Easton, Pa ASSET TYPE: Industrial ~ ACRES: 28 SELLER: Endurance Real Estate Group LLC - Albert Corr BROKERS: John Plower, Ryan Cottone, Zach Maguire & Jeff Lockard - JLL SALE PRICE: $62,300,000 SF: 307,300 ~ PPSF: $203

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

$3,322,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$221,338.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$295,333.78
Annual Debt Service$3,544,005.41