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700 Savage Road

Hanover Company Acquires Industrial Asset In Northampton For $23.26M With Cushman & Wakefield Brokers
SOLDIndustrial

Hanover Company Acquires Industrial Asset In Northampton For $23.26M With Cushman & Wakefield Brokers

700 Savage Road

$23,259,600

$65/SF

Building Size

358,000 SF

Asset Type

Industrial

Closing

May 12, 2025

AI

The property asset involved in this transaction is an industrial building located at 700 Savage Road, Northampton, PA. The sale price for this asset was $23,259,600, with a total square footage of 358,000, resulting in a price per square foot of $64.

Summary of transaction details:

The brokers managing this transaction include Collin Potter, Gerry Blinebury, Gary Gabriel, and Hunter Kessell, all representing the brokerage firm Cushman & Wakefield. These individuals played crucial roles in facilitating the sale between Hanover Company and Impact Enviromental.

Players

Gary Gabriel

Cushman & Wakefield

Broker

$4.5B

vol

56 deals

Broker
HC
Hanover CompanyBuyer

Northampton 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93