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

Property Image
SOLD
$23,259,600
Gary Gabriel
Gerry Blinebury
Collin Potter
+ 1

Pennsylvania

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Industrial358,000 SF
Sold 05/13/2025
the dealplayerscompscontact
Property Image
SOLD

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

700 Savage Road

See Similar Deals
Industrial358,000 SF
Sold 05/13/2025
Gary Gabriel
Gerry Blinebury
Collin Potter
+ 1
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:Industrial
Price Per Square Foot:$65
Total Square Footage:358,000 SF
Transaction Type:Sale

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
Gary Gabriel
56 deals$4.5B volume
BROKER
Gerry Blinebury
Cushman & Wakefield
Gerry Blinebury
8 deals$178M volume(717) 231-7291
BROKER
Collin Potter
Cushman & Wakefield
Collin Potter
2 deals$83.3M volume(717) 793-7764
BROKER
Hunter Kessell
Cushman & Wakefield
Hunter Kessell
7 deals$23.3M volume(267) 615-4115
BROKER
HC
Hanover Company
BUYER

Details

SOLD
IMAGE: Collin Potter, Gerry Blinebury, Gary Gabriel & Hunter Kessell DATE: 5/13/2025 ADDRESS: 700 Savage Road MARKET: Northampton, PA ASSET TYPE: Industrial BUYER: Hanover Company SELLER: Impact Enviromental BROKERS: Collin Potter, Gerry Blinebury (@GerryBlinebury), Gary Gabriel & Hunter Kessell - Cushman & Wakefield(@CushWake) SALE PRICE: $23,259,600 SF: 358,000 ~ PPSF: $64

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,240,512.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$82,636.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$110,262.37
Annual Debt Service$1,323,148.45