MT Brunel LLC Acquires 14.48 Acre Industrial Property In Bethlehem, PA For $18M
SOLD
$18,000,000
Pennsylvania
See Similar DealsIndustrial235,000 SF
Sold 09/22/2022
SOLD
MT Brunel LLC Acquires 14.48 Acre Industrial Property In Bethlehem, PA For $18M
600 Brighton Street, Bethlehem, Pennsylvania 18015, United States
See Similar DealsIndustrial235,000 SF
Sold 09/22/2022
Summary
PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$76
Total Square Footage:235,000 SF
Transaction Type:Sale
MT Brunel LLC has acquired an industrial property located at 600 Brighton St in Bethlehem, PA. The property spans over 14.48 acres and is valued at $18,000,000. The transaction was facilitated by David Zimmel of Zimmel Associates.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Date: 09/22/2022
- Address: 600 Brighton St, Bethlehem, PA
- Market: Bethlehem, PA
- Size: 235,000 square feet
- Price per square foot: $77
David Zimmel, representing Zimmel Associates, played a crucial role as the broker in this transaction. The deal marks a significant acquisition for MT Brunel LLC in the Bethlehem industrial market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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