Cabot Properties Acquires 483,770 Sq Ft Industrial Property In York For $54.4M
405 Busser Rd York, PA 17406, USA
$54,400,000
$112/SF
Building Size
483,770 SF
Asset Type
Industrial
Closing
Jul 2, 2023
AI
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
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93