facebook
Traded Co logo
Submit

Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Property In Yeadon For $59M

Property Image
SOLD
$59,000,000

Pennsylvania

See Similar Deals
Industrial450,000 SF
Sold 09/30/2024
the dealplayerscompscontact
Property Image
SOLD

Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Property In Yeadon For $59M

6250 Baltimore Avenue

See Similar Deals
Industrial450,000 SF
Sold 09/30/2024
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$131
Total Square Footage:450,000 SF
Transaction Type:Sale

The property asset is located at 6250 Baltimore Avenue in Yeadon, PA, featuring an industrial classification. The transaction occurred on September 30, 2024, with a total sale price of $59,000,000. The property encompasses 450,000 square feet, translating to a price per square foot of $131.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $59,000,000
  • Square Footage: 450,000
  • Price per Square Foot: $131
  • Buyer: Jack Ford & Brian Underkofler - Lightstone
  • Seller: Zach Moore & Tony Grelli - Velocity Venture Partners
  • Broker: Ryan Guittare - Newmark

The key individuals involved in this transaction include Jack Ford and Brian Underkofler representing Lightstone as the buyers, while the sellers, Zach Moore and Tony Grelli, represented Velocity Venture Partners. The transaction was facilitated by broker Ryan Guittare from Newmark.

Players

Ryan Guittare
Newmark
Ryan Guittare
6 deals$161.6M volume
BROKER

Details

SOLD
IMAGE: Ryan Guittare, Jack Ford, Brian Underkofler, Zach Moore & Tony Grelli DATE: 09/30/2024 ADDRESS: 6250 Baltimore Avenue MARKET: Yeadon, PA ASSET TYPE: Industrial BUYER: Jack Ford & Brian Underkofler - Lightstone SELLER: Zach Moore & Tony Grelli - Velocity Venture Partners (@VelocityVenturePartners_) BROKER: Ryan Guittare (@RyanGuittare) - Newmark (@Newmark) SALE PRICE: $59,000,000 SF: 450,000 ~ PPSF: $131

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$209,614.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$279,690.10
Annual Debt Service$3,356,281.20