Updated Oct 29, 2024
Dhaliwhal Property LLC Acquires Warehouse Property And Four-Acre Lot In Easton, PA For $5.45M
50 Hilton Street Easton, Pennsylvania 18042, USA
$5,450,000
Building Size
—
Asset Type
Industrial
Closing
May 17, 2023
About this deal
AI
Dhaliwhal Property LLC, owned by Jay Singh, an Indian immigrant and Sikh residing in the Easton area, has purchased a warehouse property and four-acre lot on Hilton Street in Easton, Pennsylvania. The property has been acquired for $5.45 million and will be used to expand Jay Singh's trucking company, Sunshine Trucking. The transaction was financed by Penn Community Bank, with the sale closing on May 17.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,450,000
- Address: 50 Hilton Street, Easton, Pennsylvania
- Market: Easton, Pennsylvania
- Buyer: Dhaliwhal Property LLC - Jay Singh
- Buyer's Representative: Joe McDermott - Hanna Frederick Commercial Real Estate
- Seller's Representative: Amy Hawley - SVN Imperial Realty
- Lender: Penn Community Bank
Dhaliwhal Property LLC, led by Jay Singh, an Indian immigrant and Sikh based in Easton, Pennsylvania, has successfully acquired a warehouse property and a four-acre lot on Hilton Street in Easton. The property, purchased for $5.45 million, will serve as an expansion opportunity for Jay Singh's trucking company, Sunshine Trucking. The transaction was made possible through financing provided by Penn Community Bank. The completion of the sale took place on May 17.
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93