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405 Busser Rd York, PA 1740...

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

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

Gary Gabriel

Cushman & Wakefield

Broker

$4.5B

vol

56 deals

Broker
Cabot Properties
Cabot PropertiesBuyer

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