Jack Ford & Brian Underkofler Of Lightstone Acquire Industrial Property In Lewisberry For $15.73M
621 Lowther Road, 629 Lowther Road & 631 Lowther Road
$15,725,000
$114/SF
Building Size
137,404 SF
Asset Type
Industrial
Closing
Jul 29, 2026
AI
The property asset involved in the transaction is located at 621 Lowther Road, 629 Lowther Road, and 631 Lowther Road in Lewisberry. It is classified as an industrial asset, has a sale price of $15,725,000, and encompasses a total square footage of 137,404, resulting in a price per square foot of $114.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,725,000
- Square Footage: 137,404
- Address: 621 Lowther Road, 629 Lowther Road & 631 Lowther Road
- Market: Lewisberry
- Buyer: Jack Ford & Brian Underkofler - Lightstone
- Seller: Larken Associates
- brokers: Gerry Blinebury & Brendan McGeary - Cushman & Wakefield
Key individuals in the transaction include Jack Ford and Brian Underkofler, who represented Lightstone as the buyers. Larken Associates acted as the seller in this deal, while brokers Gerry Blinebury and Brendan McGeary from Cushman & Wakefield facilitated the transaction.
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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93