Jack Ford & Brian Underkofler Acquire Industrial Properties In York PA For $16.1M
503 Industrial Drive
$16,100,000
$112/SF
Building Size
142,900 SF
Asset Type
Industrial
Closing
Mar 5, 2025
AI
The property involved in the transaction is an industrial asset located at 503 Industrial Drive and 2645 Blackthorne Court in York, PA. The sale price was $16,100,000, with a total square footage of 142,900, translating to a price per square foot of $112.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,100,000
- Square Footage: 142,900
- Price per Square Foot: $112
- Buyer: Jack Ford & Brian Underkofler - Lightstone
- Brokers: John Plower & Ryan Cottone - JLL
- Transaction Date: 03/05/2025
The key individuals involved in the deal include buyers Jack Ford and Brian Underkofler, representing Lightstone, and brokers John Plower and Ryan Cottone from JLL. Their participation highlights the professional capacities leveraged for the successful transfer of the property ownership.
Players
Lewisberry 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93