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503 Industrial Drive

Jack Ford & Brian Underkofler Acquire Industrial Properties In York PA For $16.1M
SOLDIndustrial

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

John Plower

JLL

Broker

$1.1B

vol

17 deals

Broker
L
LightstoneBuyer

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