JLL Capital Markets Closes $110.25M Sale Of Fully Leased Industrial Property In Manchester, Pennsylvania
84 Zions View Road
$110,250,000
$110/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Dec 14, 2023
AI
An industrial property located at 84 Zions View Road in Manchester, Pennsylvania has been sold for $110.25 million. This fully leased Class A warehouse/distribution facility spans 1 million square feet and sits on 102 acres of land. The property was built in 2019 and features air conditioning, 36-foot clear heights, and strategic access to major highways. It is situated in the heart of the Central Pennsylvania Industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $110,250,000
- Square Footage: 1,000,000
- Price per Square Foot: $110
- Address: 84 Zions View Road, Manchester, Pennsylvania
- Market: Manchester, Pennsylvania
- Acres: 102
The sale of this industrial property was closed by JLL Capital Markets. The brokers involved in the deal are Jeff Lockard, John Huguenard, John Plower, Jordan Schwartz, Maria Ratzlaff, Ryan Cottone, and Zach Maguire, all representing JLL.
Players
Manchester Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93