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84 Zions View Road

JLL Capital Markets Closes $110.25M Sale Of Fully Leased Industrial Property In Manchester, Pennsylvania
SOLDIndustrial

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

John Huguenard

JLL

Broker

$1.5B

vol

24 deals

Broker

Manchester 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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93