Updated Jun 9, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $23,259,600
- Buyer: Hanover Company
- Seller: Impact Enviromental
- Brokers: Collin Potter, Gerry Blinebury, Gary Gabriel & Hunter Kessell - Cushman & Wakefield
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.
On the Map
$23,259,600
$65/SF
Industrial
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Players
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