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50 Hilton Street Easton, Pe...

Updated Oct 29, 2024

Dhaliwhal Property LLC Acquires Warehouse Property And Four-Acre Lot In Easton, PA For $5.45M
SOLDIndustrial

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

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