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Cabot Properties Acquires 483,770 Sq Ft Industrial Property In York For $54.4M

Property Image
SOLD
$54,400,000
Kyle Schmidt
Gary Gabriel
Gerry Blinebury
+ 1

Pennsylvania

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Industrial483,770 SF
Sold 07/02/2023
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Property Image
SOLD

Cabot Properties Acquires 483,770 Sq Ft Industrial Property In York For $54.4M

405 Busser Rd York, PA 17406, USA

See Similar Deals
Industrial483,770 SF
Sold 07/02/2023
Kyle Schmidt
Gary Gabriel
Gerry Blinebury
+ 1
the dealplayerscompscontact
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Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:483,770 SF
Transaction Type:Sale

Cushman & Wakefield arranged the sale of a 483,770 sq ft industrial property located at 405 Busser Road in York. The property was sold for $54.4 million to Cabot Properties by Core5 Industrial Partners. The transaction includes an industrial asset occupying an area of 37.5 acres. Hill's Pet Nutrition is the tenant, occupying the fully leased property. The strategic location and high-quality features of the property were key selling points.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $54,400,000
  • Address: 405 Busser Road
  • Market: York
  • Asset Type: Industrial
  • Acres: 37.5

Gerry Blinebury, Gary Gabriel, Kyle Schmidt, and Brendan McGeary represented the buyer, Cabot Properties, as brokers from Cushman & Wakefield, in the transaction. They played a significant role in facilitating the sale and ensuring a successful deal for their client.

Players

Gary Gabriel
Cushman & Wakefield
Gary Gabriel
56 deals$4.5B volume
BROKER
Kyle Schmidt
Cushman & Wakefield
Kyle Schmidt
26 deals$1.3B volume
BROKER
Gerry Blinebury
Cushman & Wakefield
Gerry Blinebury
8 deals$178M volume(717) 231-7291
BROKER
Brendan McGeary
Cushman & Wakefield
Brendan McGeary
3 deals$73.4M volume
BROKER
Cabot Properties
Cabot Properties
BUYER
CP
Core5 Industrial Partners
SELLER

Details

SOLD
IMAGE: Gerry Blinebury, Gary Gabriel, Kyle Schmidt & Brendan McGeary DATE: 07/02/2023 ADDRESS: 405 Busser Road MARKET: York ASSET TYPE: Industrial ~ ACRES: 37.5 BUYER: Cabot Properties SELLER: Core5 Industrial Partners BROKERS: Gerry Blinebury (@GerryBlinebury), Gary Gabriel, Kyle Schmidt & Brendan McGeary - Cushman & Wakefield (@CushWake) SALE PRICE: $54,400,000 SF: 483,770 ~ PPSF: $112 NOTE: Cushman & Wakefield arranged the sale of a 483,770 sq ft industrial property at 405 Busser Road for $54.4 million. The property is fully leased to Hill's Pet Nutrition and offers strategic location and high-quality features.

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

$2,901,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$193,271.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$257,883.75
Annual Debt Service$3,094,605.04