SK Realty Management Acquires Industrial Portfolio In York, PA For $73M
601 S Richland Ave, York, PA, USA
$73,000,000
$52/SF
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Aug 25, 2021
AI
A 1,400,000 square foot industrial property located at 601, 621, and 631 S. Richland Ave. in York, Pennsylvania has been sold for a price of $73,000,000. The property was part of a transaction that took place on August 26, 2021. The buyer of the property is SK Realty Management, while the seller is Patriot Equities. The sale was facilitated by brokers John Plower, Ryan Cottone, and Jeff Lockard from JLL. The property is situated in the market of York, Pennsylvania.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $73,000,000
- Square Footage: 1,400,000
- Address: 601, 621, and 631 S. Richland Ave.
- Market: York, PA
- Buyer: SK Realty Management
- Seller: Patriot Equities
- Brokers: John Plower, Ryan Cottone, and Jeff Lockard - JLL
Chad Orcutt and Michael Pagniucci from JLL served as the mortgage brokers for this transaction.
Players
Spring Garden Township Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93